Acquisition History / Ambuja Cements (Adani Group) / Penna Cement Industries

Ambuja Cements (Adani Group) Acquires Penna Cement Industries

Announced June 13, 2024 — $1.18B

Ambuja Cements (Adani Group)Cement2024

What happened

Ambuja Cements, the Adani Group's cement arm, signed a binding agreement to acquire 100% of Hyderabad-based Penna Cement Industries at an enterprise value of Rs 10,422 crore. The deal added 14 MTPA of capacity and gave the group a stronger position in south India.

Acquirer
Ambuja Cements (Adani Group)
Target
Penna Cement Industries
Announced
June 13, 2024
Price
$1.18B
Industry
Cement
Buyer type
Strategic acquirer
Status
Closed

By the numbers

Ambuja Cements (Adani Group)'s acquisition history
1st of 2 tracked deals
Disclosed prices
2 of 2 Ambuja Cements (Adani Group) deals
Ambuja Cements (Adani Group)'s average disclosed price
$1.05B
Ambuja Cements (Adani Group)'s largest disclosed deal
Penna Cement Industries ($1.18B)
Tracked acquisitions in 2024
157 across all acquirers
Ambuja Cements (Adani Group) in Cement
2 acquisitions

Frequently Asked Questions About This Acquisition

When did Ambuja Cements (Adani Group) acquire Penna Cement Industries?

Ambuja Cements (Adani Group) acquired Penna Cement Industries on June 13, 2024. This was Ambuja Cements (Adani Group)'s 1st publicly tracked acquisition out of 2 we have on record.

How much did Ambuja Cements (Adani Group) pay for Penna Cement Industries?

Ambuja Cements (Adani Group) paid $1.18B for Penna Cement Industries.

What does Penna Cement Industries do?

Ambuja Cements, the Adani Group's cement arm, signed a binding agreement to acquire 100% of Hyderabad-based Penna Cement Industries at an enterprise value of Rs 10,422 crore. The deal added 14 MTPA of capacity and gave the group a stronger position in south India.

What other Cement companies has Ambuja Cements (Adani Group) acquired?

Ambuja Cements (Adani Group) has made 2 acquisitions in Cement, including Penna Cement Industries. See the full list on the Cement and Ambuja Cements (Adani Group) acquisition pages.

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