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Anjani Portland Cement acquires additional 6.64% stake in Bhavya Cements

10 Jul 2021 Evaluate

Anjani Portland Cement has purchased another 9285208 (6.64%) fully paid-up equity shares capital of Bhavya Cements (Investee Company) from its existing Shareholders at a price of Rs 52.59 per Share. The objective of purchase is to further consolidate the shareholding of the company in Bhavya Cements. The additional purchase would result in an increase in company’s shareholding in Bhavya Cements from 82.51% to 89.15%.

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

Peers
Company Name CMP
Ultratech Cement 10670.00
Ambuja Cements 392.55
ACC 1265.25
Shree Cement 22749.60
Dalmia Bharat 1765.70
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