- Bloomberg
Adani Group Buys Penna Cement For $1.2 Billion Enterprise Value
(Bloomberg) -- Ambuja Cements Ltd., owned by Adani Group, has signed a binding agreement to acquire Penna Cement Industries at an enterprise value of 104.2 billion rupees ($1.2 billion) as billionaire Gautam Adani’s conglomerate returns to capital spending after rebounding from the US-based short-seller’s attack in early 2023.Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Apple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashHunter Biden Was
