Premji Invest to acquire 10% Sagar Cements stake

Written by Global Cement staff 28 March 2022

India: Sagar Cements has received board approval for the preferential allotment of a 10% stake of equity shares to Premji Invest. ET Now News has reported the value of the deal as US$46m.

Joint Managing Director Sreekanth Reddy Sammidi said “We are delighted to partner with Premji Invest and look forward to their inputs towards strengthening our processes and systems and enhancing value for all our stakeholders.”

Last modified on 30 March 2022

Published in Global Cement News

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