Anjani Portland Cement has entered into a Share Purchase agreement with Bhavya Cements and its Promoters, for acquisition of controlling stake in the equity shares capital of the Bhavya Cements at a Provisional Price of Rs 51.53 per share, subject to fulfilment of conditions precedent.
The objective of acquisition is to improve the market presence of the company with addition of a new brand. The acquisition would increase the cement manufacturing capacity under the control of the company substantially.
Anjani Portland Cement is engaged in the business of manufacturing of cement.
