Sanghi Industries has received an approval from Board of the Directors for the allotment of 73,26,000 Equity Shares of face value of Rs 10 each at a price of Rs 68.25 per share (including security premium of Rs 58.25 per share) on private placement (Preferential Allotment) basis aggregating to Rs 49.99 crore to Thinkfar Tradelink (A Promoter Group Entity). The Business Operations and Finance Committee of the Board of Directors of the company at its meeting held on December 30, 2022 has approved the same.
Sanghi Industries is among leading cement manufacturers from Western India.
