Ambuja Cement Acquired Penna Cement
Adani Group 3rd Acquisition in 2024 Ambuja Cements a part of the Adani Group, has acquired Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs.10,422 crore. However, this acquisition will significantly increase Ambuja Cement’s capacity and market share, particularly in South India. Penna Cement acquisition is expected to give positive result to Adani Read more: Ambuja Cement Acquired Penna Cement..