Adani Group concludes Sanghi Industries acquisition
Cement

Adani Group concludes Sanghi Industries acquisition

Ambuja Cements, owned by billionaire Gautam Adani, declared the finalisation of the acquisition of Sanghi Industries (SIL) at a revised offer price of Rs 121.90 per share. Back in August of this year, Ambuja Cements (ACL) had proposed a price of Rs 114.22 for each share, aiming to acquire 26% of the equity shares, each valued at Rs 10, from Sanghi Industries' public shareholders.

According to a regulatory filing by Ambuja Cements, "In terms of the company's obligations under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ('Takeover Regulations'), the offer price as defined in the PA shall stand revised to Rs 121.90."

In a separate statement, ACL conveyed that it had "successfully completed the acquisition of Sanghi Industries, funded entirely through internal accruals" at an enterprise value of Rs 51.85 billion. The statement also mentioned, "With the acquisition funded entirely through internal accruals, ACL holds a controlling stake of 54.51% in SIL."

Ambuja Cements, owned by billionaire Gautam Adani, declared the finalisation of the acquisition of Sanghi Industries (SIL) at a revised offer price of Rs 121.90 per share. Back in August of this year, Ambuja Cements (ACL) had proposed a price of Rs 114.22 for each share, aiming to acquire 26% of the equity shares, each valued at Rs 10, from Sanghi Industries' public shareholders. According to a regulatory filing by Ambuja Cements, In terms of the company's obligations under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ('Takeover Regulations'), the offer price as defined in the PA shall stand revised to Rs 121.90. In a separate statement, ACL conveyed that it had successfully completed the acquisition of Sanghi Industries, funded entirely through internal accruals at an enterprise value of Rs 51.85 billion. The statement also mentioned, With the acquisition funded entirely through internal accruals, ACL holds a controlling stake of 54.51% in SIL.

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?