Sanghi Industries and Penna Cement will merge into Ambuja Cements: Sanghi shareholders will get 12 shares of Ambuja for every 100 shares.
Hindi News Business Adani Ambuja Cements Subsidiary Merger Update | Sanghi Industries Penna Cement Mumbai52 minutes ago copy link Adani Group’s Ambuja Cements has today (December 17) announced the merger of its subsidiary companies Sanghi Industries and Penna Cement Industries with itself. Under the scheme of arrangement, shareholders of Sanghi Industries will get 12 shares…