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SANGHIIND 
Reputation: 642,681 • Jul 25, 2023 5:21 AM
Adani group's Ambuja-ACC, JK Lakshmi lead race to acquire Sanghi Cement
Adani group-owned Ambuja-ACC and JK Lakshmi are the leading contenders for acquiring Sanghi Cement, according to sources. Ahmedabad-based Sanghi Cement is expected to be sold for an estimated enterprise value of INR60bn ($898m). The competing firms may conduct due diligence on the company soon and, if it is satisfactory, place formal offers over the next two months, said the sources.
The Economic Times
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