Anjani Portland Cement to Acquire Controlling Stake in Bhavya Cements
Anjani Portland Cement has entered into a Share Purchase Agreement with Bhavya Cements (Investee Company) and its Promoters, for acquisition of controlling stake in the equity shares capital of the Investee Company at a Provisional Price of Rs. 51.53/- per share, subject to fulfilment of conditions precedent. The objective of the acquisition is to improve the market presence of the company with addition of a new brand. The acquisition would increase the cement manufacturing capacity under the control of the company substantially.
Tags : ALLIED Stake Acquire Anjani Portland Cement Controlling Bhavya Cements