Ambuja Cements Merges Sanghi, Penna to Boost Capacity

Ambuja Cements, owned by the Adani Group, has announced the merger of Sanghi Industries and Penna Cement Industries to consolidate its cement operations and enhance shareholder value. This merger is part of Ambuja's strategy to increase its cement production capacity to over 100 MTPA by the end of the fiscal year. Sanghi Industries shareholders will receive 12 Ambuja shares for every 100 Sanghi shares, with Ambuja already holding a 58% stake in Sanghi. Following the merger, the Adani family's ownership in Ambuja will slightly decrease, while public shareholders' stakes will increase. The merger aims to streamline operations, reduce costs, and improve compliance efficiency, with regulatory approvals still pending. This move is expected to enhance operational efficiency and support India's infrastructure growth.