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Ambuja Cements Shares Soar Post Sanghi Industries Acquisition

05 December 20233 mins read by Angel One
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Ambuja Cements has acquired Sanghi Industries, marking a significant milestone in its growth journey. The strategic acquisition, valued at Rs 5,185 crore, strengthens Ambuja Cement’s market presence and demonstrates Adani Group’s commitment to India’s housing and infrastructure development.

ACL controls 54.51% of SIL after funding the purchase solely through internal accruals. ACL is dedicated to harnessing operational synergies generated by this transaction to improve efficiency, lower costs, and maintain a sustainable approach to cement manufacturing. The purchase of SIL, with its billion-tonne high-quality surface mining limestone deposits, enables ACL to accelerate its distinctive coastal strategy, which aims to boost cement production along the West Coast to 15 MTPA on the strength of SIL’s low-cost clinker.

Share Price Movement 

Ambuja Cements is currently trading at Rs 499.05, up by 24.60 points or 5.18% from its previous closing of Rs 474.45 on the BSE. The scrip opened at Rs 475 and has touched a high and low of Rs 500.75 and Rs 474.60 respectively. So far 31,2382 shares have been traded on the counter.

The BSE group ‘A’ stock of face value of Rs 2 has touched a 52-week high of Rs 598.15 and a 52-week low of Rs 315.30. Last one week high and low of the scrip stood at Rs 504.65 and Rs 428.15 respectively. The current market cap of the company is Rs 98,249.73 crore. The promoters holding in the company stood at 63.19%, while Institutions and Non-Institutions held 27.17% and 9.64%, respectively.

About the company 

Ambuja Cements, a leading cement company in India, has introduced innovative products like Ambuja Roof Special, Ambuja Cool Walls, Ambuja Kawach, and Ambuja Cement Compocem to reduce carbon footprints and meet customer needs. The company is a leader in responsible resource use and has implemented a multi-pronged strategy, including triple bottom line accounting, True Value, good corporate governance practices, corporate environment policy, and sustainable supply chain policy. The company’s credentials as a sustainable manufacturer have been enhanced by its multi-pronged strategy.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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