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Shree Cement in talks for stake in Sanghi Cement
Shree Cement is reportedly in non-binding talks to acquire a stake of between 40 per cent and 72 per cent of Sanghi Cement for an enterprise value of Rs 60 billion. The talks are not exclusive, and other parties may also be discussing a deal. Rivals such as UltraTech, Dalmia Bharat, and JSW Cem...
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Shree Cement is reportedly in non-binding talks to acquire a stake of between 40 per cent and 72 per cent of Sanghi Cement for an enterprise value of Rs 60 billion. The talks are not exclusive, and other parties may also be discussing a deal. Rivals such as UltraTech, Dalmia Bharat, and JSW Cement have reportedly held informal discussions for potential acquisition in the past, but no deal was reached.Contact: Shree CementTel: 014-6222 8101Website: www.shreecement.com