MoneyWorks4Me

Piramal Enterprises invests Rs 256 crore in Sanghi Industries

22 Apr 2016 Evaluate

Piramal Enterprises has invested Rs 256 crore in Sanghi Industries, a Kutch-based cement company with production capacity of 4.1 million tonnes a year (mtpa). The investment made through non-convertible debentures (NCD) would enable Sanghi to repay some of its debts ahead of schedule and save on interest outgo.

Piramal Enterprises is one of the leading players globally in CRAMS (custom research and manufacturing services) as well as in the critical care segment of inhalation and injectable anaesthetics. It also has a strong presence in the OTC segment in India.

Peers