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Sanghi Industries raises Rs 500 crore on private placement basis

04 Jul 2024 Evaluate

Sanghi Industries has raised Rs 500 crore through the allotment of 50,00,00,000 8% Non-convertible Cumulative Redeemable Preference Shares (RPS) of face value of Rs 10 each at par on private placement basis to Ambuja Cements (Holding Company). The Finance Committee of the Board of Directors of the company at its meeting held on July 4, 2024 has approved allotment of the same. 

Sanghi Industries is engaged in the manufacturing and marketing of cement and cement products in domestic and export markets.


Peers
Company Name CMP
Ultratech Cement 10687.20
Ambuja Cements 348.65
ACC 1142.55
Shree Cement 22014.95
Dalmia Bharat 1597.45
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