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.
| Company Name | CMP |
|---|---|
| Ultratech Cement | 11887.30 |
| Ambuja Cement | 458.95 |
| ACC | 1431.85 |
| Shree Cement | 25301.95 |
| Dalmia Bharat | 1972.55 |
| View more.. | |
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