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Sanghi Industries stock tumbles 10% as Ambuja Cement supply deal seen limiting profitability

The move is expected to make the company EBITDA positive.

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Ambuja Cements up 3%, Sanghi Industries 5% as investors cheer acquisition deal

According to Jefferies, after acquisition, Ambuja s capacity stands at 74.6 MTPA. The company is also set to increase capacity to around 100-110 mtpa By FY26/FY27

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Share Market Highlights 05 December 2023: Indices hit record highs; Nifty closes abvoe 20,850

Share Market Highlights 05 December 2023: Indices hit record highs; Nifty closes abvoe 20,850
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Meet the millionaire set to make Rs 1674 crore from Gautam Adani s latest move

In a major move, Gautam Adani’s Ambuja Cement has decided to acquire Sanghi Industries in a major multi-crore deal, aimed at Rs 5000 crore boost for his company.

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