
Adani group acquires Penna Cement for Rs 10,422 crore
New Delhi, Jun 13 (UNI) Adani group owned Ambuja Cement on Thursday announced the signing of a binding agreement for the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs. 10,422 crore. Ambuja will acquire 100 percent shares of PCIL from its existing promoter group, Mr. P. Pratap Reddy and family….