Adani Group rsquo s Ambuja Cements acquires Penna Cement for crore ........

Current Events and Developmental Issues Industry

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Adani Group’s Ambuja Cements acquires Penna Cement for _____________ crore.

Rs 10,422

Rs 15,425

Rs 12,440

Rs 20,425

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Explanation:

Ambuja Cements, the leading Adani Group company, announced the acquisition of 100 per cent stake in Penna Cement Industries Ltd (PCIL) for an enterprise value of Rs 10,422 crore, as the cement and building material major aims to reach its target capacity of 140 MTPA (million tonnes per annum) by 2028.