Sanghi Industries Limited — JV/Acquisition, 17-12-2024: Amalgamation/Merger

Sanghi Industries Limited has approved a Scheme of Arrangement with Ambuja Cements Limited, aimed at merging the two entities. Sanghi Industries reported a revenue of ₹821.35 Cr and a net worth of ₹1,110.79 Cr as of March 31, 2024. The merger is anticipated to enhance operational efficiencies, improve resource utilization, and generate cost savings through streamlined operations. Shareholders of Sanghi Industries will receive 12 shares of Ambuja Cements for every 100 equity shares they hold. This strategic amalgamation is expected to unlock shareholder value and strengthen market positioning for both companies.