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.