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India`s Adani-backed Ambuja Cements buys stake in Sanghi Industries for $604 million India's Ambuja Cements said on Thursday it has bought a 56.74% stake in smaller rival Sanghi Industries at an enterprise value of 50 billion rupees ($604.4 million), closing the Adani Group's gap on market leader UltraTech at a time of booming demand for building materials. The deal is the billionaire Gautam Adani-led conglomerate's first major acquisition this year after a report by short-seller Hindenburg Research in January slammed the group shares and led to investigations ...
India`s Adani-backed Ambuja Cements buys stake in Sanghi Industries for $604 million
India`s Adani-backed Ambuja Cements buys stake in Sanghi Industries for $604 million
Source: Accord Fintech
3/08/2023 9:56:37 AM
India`s Sanghi Industries hits 5-yr high on report Adani-owned Ambuja to buy stake Shares of cement maker Sanghi Industries rose as much as 5% to a more than five-year high on Wednesday on news that Adani-owned Ambuja Cements had reached a deal to buy a majority stake in the company's operations. The deal by Ambuja is likely to be announced on Wednesday, two sources with direct knowledge of the matter told Reuters. The deal was signed by considering Sanghi's enterprise value at 60 billion rupees ($728.20 million), one of the sources said. Sanghi's stock...
India`s Sanghi Industries hits 5-yr high on report Adani-owned Ambuja to buy stake
India`s Sanghi Industries hits 5-yr high on report Adani-owned Ambuja to buy stake
Source: Reuters
2/08/2023 11:08:45 AM
Sanghi Industries jumps on raising Rs 500 crore through NCDs Sanghi Industries is currently trading at Rs. 67.45, up by 1.10 points or 1.66% from its previous closing of Rs. 66.35 on the BSE. The scrip opened at Rs. 65.05 and has touched a high and low of Rs. 68.20 and Rs. 65.05 respectively. So far 48922 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 74.00 on 21-Sep-2022 and a 52 week low of Rs. 32.55 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs....
Sanghi Industries jumps on raising Rs 500 crore through NCDs
Sanghi Industries jumps on raising Rs 500 crore through NCDs
Source: Accord Fintech
29/11/2022 3:28:31 PM
Stock Picks - Buy Sanghi Industries Ltd For Target Rs. 64 - ICICI Direct Technical Observations * The Cement stocks are in strong up trend with most of the large cap stocks already placed at all time highs. The midcap cement space is witnessing catch up activity and likely to outperform. * The share price of Sanghi Industries has been trading in a rising channel since October 2020, signalling sustained demand at elevated levels. It is currently seen rebounding taking support at the lower band of the channel, thus provides fresh entry opportunity. * W...
Stock Picks - Buy Sanghi Industries Ltd For Target Rs. 64 - ICICI Direct
Stock Picks - Buy Sanghi Industries Ltd For Target Rs. 64 - ICICI Direct
Source: ICICI Direct
13/07/2021 11:25:21 AM