Ambuja News
Sanghi Industries share price crashes 12% to 52-week low after THIS merger update
Sanghi Industries’ shares plummeted over 12% to ₹67.42, following Ambuja Cements’ merger announcement. Ambuja, holding a 58.08% stake, will issue shares to Sanghi’s shareholders. The merger aims to enhance business efficiency and shareholder value, with completion expected in 9-12 months.
1 min read18 Dec 2024Delhi HC dismisses ₹218 crore stamp duty order, ₹69 crore penalty notice against Ambuja Cements
The Delhi High Court has dismissed a show cause notice against Ambuja Cements, which demanded ₹218 crore in stamp duty and ₹69 crore in penalties. The court found the notice was beyond the limitation period.
1 min read10 Nov 2024Ambuja sets tough targets to fight competition
Ambuja Cements is doubling down on aggressive expansion, aiming to outpace rivals with strategic acquisitions and ambitious capacity targets. However, execution delays, weak pricing trends, and muted demand could test its ability to deliver
2 min read29 Oct 2024Ambuja Cements Q2 Results: Net profit down 42.5% YoY to ₹455.96 crore, revenue up 1.2%
Ambuja Cements Q2 Results: Adani Group company Ambuja Cements delivered a steady performance in the July-September quarter of 2024-25 with a volume growth of 9 per cent, at 14.2 million tonne. It was the highest in terms of volume in Q2 series in the past five years.
2 min read28 Oct 2024Ambuja’s Orient buy steps up cement war
Ambuja Cements, part of Adani Group, will acquire a 46.8% stake in Orient Cement Ltd for ₹8,100 crore. The deal includes an open offer for an additional 26% stake and aims to enhance Ambuja’s cement capacity to 100 MTPA by FY25.
6 min read22 Oct 2024Two years since Adani bought Ambuja and ACC, is a merger on cards?
The merger may create a Rs2 trillion cement behemoth and smoothen Adani Group’s processes to help it grow faster to compete against Aditya Birla Group’s UltraTech Cement Ltd. as the group aspires to achieve the top spot in the cement industry
5 min read8 Oct 2024HeidelbergCement share price jumps 18% on report Adani Group firm Ambuja Cements eyeing ₹10,000-crore buyout
Adani Group company Ambuja Cements will lead the proposed buyout of Heidelberg’s India unit and the acquisition could be worth around $1.2 billion or ₹10,000 crore, a report said.
1 min read7 Oct 2024The Adani group’s resurgence: A $5-7 bn war chest for cement, ports, defence and other acquisitions
The three-decade-old Adani group is building up massive funds to fuel its most aggressive growth strategy ever as it rebounds from the effects of the Hindenburg allegations with ambitions to become India’s No.1 player in critical sectors such as cement and defence.
6 min read20 Sep 2024Ambuja Cements share price stays in green even as it faces double blow with customs penalty and CMO arrest
Ambuja Cements, a major player in India’s cement industry, is facing a perfect storm of challenges. The company has been hit with a significant customs penalty and its Chief Manufacturing Officer has been arrested on bribery charges.
1 min read13 Sep 2024Stock to buy: Gujarat Ambuja Exports shares see technical breakout, poised for up to 25% upside, says Anand Rathi
Stock to buy: Gujarat Ambuja Exports stock broke above a bearish trendline that had constrained its movement for the past 4-5 months, and notably, it has sustained this breakout. This suggests a fundamental shift in market sentiment towards the stock, Anand Rathi said.
1 min read27 Aug 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared