Sanghi Industries jumps 5%, Ambuja Cements rise nearly 3% after deal announcement
Ambuja Cements, part of the Adani Group, will buy a 56.74 per cent stake in Sanghi Industries Ltd (SIL) from its existing promoter group Ravi Sanghi & family.
On Wednesday, Ambuja Cements reported an increase of 31.2 per cent in consolidated net profit at Rs 1,135.46 crore and clocked a revenue from operations of Rs 8,712.90 crore for the June quarter.(Image credit: File photo)