Nirma Group

Adani’s Ambuja-ACC is frontrunner to acquire Sanghi Cements – ET Infra

Adani group’s Ambuja-ACC has emerged the frontrunner to acquire Sanghi Cements after deal negotiations moved forward over the course of the past one week and the Adani group companies proposed better acquisition terms, according to people aware of the matter. Ambuja-ACC and JK Lakshmi Cement are leading the race to acquire Ahmedabad-based Sanghi Cement, ET […]

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Ambuja-ACC, JK Lakshmi lead race to acquire Sanghi Cement – ET Infra

NEW DELHI: Adani group-owned Ambuja-ACC and JK Lakshmi Cement are ahead in the race to acquire Ahmedabad-based Sanghi Cement which is being sold for an estimated enterprise value of Rs 6,000 crore, people familiar with the matter said. The two frontrunners are expected to start due diligence on the company soon and, if it is

Ambuja-ACC, JK Lakshmi lead race to acquire Sanghi Cement – ET Infra Read More »

Sanghi Cement gets non-binding offers from Nirma Group, JK Org – ET Infra

NEW DELHI: Nirma group and JK Organisation have submitted non-binding offers to acquire between 40% and 72% stake in Sanghi Cement, creating a three-way contest for the Ahmedabad-based cement manufacturer, which has also drawn interest from at least one other player, according to sources briefed on the matter. ET had reported on April 29 that

Sanghi Cement gets non-binding offers from Nirma Group, JK Org – ET Infra Read More »

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