Ambuja Cements Limited (AMBUJACEM.BO)
| Previous close | 662.30 |
| Open | 689.95 |
| Bid | 673.10 x 0 |
| Ask | 673.80 x 0 |
| Day's range | 673.00 - 690.00 |
| 52-week range | 404.00 - 690.00 |
| Volume | |
| Avg. volume | 166,611 |
| Market cap | 1.667T |
| Beta (5Y monthly) | 0.14 |
| PE ratio (TTM) | 40.66 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 2.00 (0.30%) |
| Ex-dividend date | 14 Jun 2024 |
| 1y target est | N/A |
- 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
- Reuters
Adani's Ambuja buys rival in $1.25 billion deal to boost southern hold
BENGALURU (Reuters) -Adani-backed Ambuja Cements bought out smaller rival Penna Cement Industries [PENC.NS] on Thursday for an enterprise value of 104.22 billion rupees ($1.25 billion), dialling up its presence in India's southern region. The deal comes nearly a year after the conglomerate, through Ambuja, bought a majority stake in debt-ridden Sanghi Industries, to boost its cement presence in the country and compete with market leader UltraTech Cement. Ambuja said the buyout of Penna Cement will help improve Adani's share in India's southern cement market by roughly 8%, with the deal coming a few months after UltraTech bolstered its own hold in the region by buying Kesoram's cement assets.
- Reuters
India's Ambuja Cements to invest $723 million for green power production
BENGALURU (Reuters) -Indian construction materials maker Ambuja Cements will invest 60 billion rupees (nearly $723 million) in renewable power projects, the company said on Monday. The Adani Group-owned company added that the capacity from solar power and wind power projects will be achieved by fiscal 2026, and add to its existing capacity of 84 MW. These projects will increase the company's total green power capacity to 60% from the existing 19%, it said.
