Ambuja Cements completes buyout of Sanghi Industries
Ambuja Cements bought about 133 million shares of Sanghi Industries worth ₹1,627 crore in a block deal on NSE on Tuesday. The shares were purchased at ₹121.9 apiece. The sellers included Sanghi Industries promoters Alok Sanghi, Aditya Sanghi, Sanghi Polymers and Samruddhi Investors Services, among others.
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