Ambuja Cements, 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 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 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 2024Ambuja Cements share price surges 4% amid reports of promoters selling some stake via block deal
Ambuja Cements share price surged over 4 per cent in early deals on the BSE on Friday, August 23, amid reports of promoters selling some stakes via a block deal.
1 min read23 Aug 2024In the grinding battle for cement, UltraTech makes a big move in the south
UltraTech will buy out India Cements promoters N. Srinivasan and associates, followed by an open offer for 26% in the company. The move marks the exit of Srinivasan from India Cements, and a new milestone in UltraTech’s effort to retain its leadership of the cement market
4 min read29 Jul 2024Ambuja Cements share price jumps 3% as Penna Cement acquisition seem value accretive; analysts bullish on Adani firm
Ambuja Cements will acquire 100% shares of PCIL from its existing promoter group, Pratap Reddy and family and the acquisition will be fully funded through internal accruals, the Adani Group cement manufacturer said in a regulatory filing on Thursday.
3 min read14 Jun 2024Ambuja Cements Q4 results: Net profit rises 6% YoY to ₹532 crore; announces dividend of ₹2
Ambuja Cements Q4 results: Ambuja Cements posted a consolidated net profit growth of 64% at ₹1,055.30 crore from ₹644.94 crore last year. Consolidated revenue from operations in Q4FY24 increased 12% YoY to ₹8,893.99 crore.
1 min read1 May 2024Why Ambuja Cements share price trading flat despite stock market crash?
Ambuja Cements share price rebounded strongly from today’s low and hit an intraday high of ₹615.60 apiece, logging 4% upside from Monday’s low
3 min read15 Apr 2024Adani Doubles Down on Cement: Gautam Adani infuses ₹6,661 crore to boost stake in Ambuja Cements to 66.7%
Indian billionaire Gautam Adani and his family injected $799 million to increase its stake in Ambuja Cements Ltd. as the business tycoon showed signs of confidence in its cement business amid the country’s infrastructure boom.
1 min read28 Mar 2024Popular Topics
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