Adani Cement to merge Sanghi & Penna units with Ambuja Cements
Adani Cement is merging Sanghi Industries and Penna Cement with its flagship company, Ambuja Cements. Sanghi shareholders will receive 12 Ambuja shares for every 100 they own, while Penna shareholders will get Rs 321.50 per share. This consolidation aims to boost efficiency and competitiveness, ultimately increasing shareholder value.