India: Ambuja Cement has announced the completion of its acquisition of Penna Cement Industries Limited, acquiring a 100% stake in the company. The deal, first approved by Ambuja’s Board of Directors on 13 June 2024, has effectively made PCIL a subsidiary of Ambuja Cement from 17 August 2024. The company did not provide further details on the operational or financial impacts of this acquisition.
Ambuja Cement completes acquisition of Penna Cement Industries
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