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News Piramal Enterprises invests US$38m in Sanghi Industries

Piramal Enterprises invests US$38m in Sanghi Industries

Written by Global Cement staff 22 April 2016
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India: Piramal Enterprises has invested US$38m in Sanghi Industries. The investment has been made through non-convertible debentures to enable Sanghi to repay some of its debts ahead of schedule and reduce interest repayments.

Piramal Enterprises is a diversified international conglomerate that operates in the pharmaceutical, financial services and information management sectors. Sanghi Industries runs a 2.9Mt/yr integrated cement plant in Kutch, Gujarat.

Last modified on 25 April 2016
Published in Global Cement News
Tagged under
  • India
  • Sanghi
  • Piramal Enterprises
  • Investment
  • Gujarat
  • GCW248

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