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Anjani Portland Cement acquires 82.51% stake in Bhavya Cements

08 Jun 2021 Evaluate

Anjani Portland Cement has acquired 115455015 fully paid-up Equity Shares of face value Rs 10 each in the share capital of Bhavya Cements (Investee Company), representing 82.51% of the paid-up share capital of the Investee Company, at a price of Rs 52.59 Per share involving a total Sale Consideration of Rs 607.18 crore. With this acquisition, Bhavya Cements has now become a subsidiary of Anjani Portland.

Anjani Portland Cement is engaged in the business of manufacturing of cement.

Peers
Company Name CMP
Ultratech Cement 11050.10
Ambuja Cements 348.50
ACC 1130.30
Shree Cement 23069.05
Dalmia Bharat 1324.70
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