Acquiring Company
Ambuja Cements
Acquired Company
Penna Cement Industries Limited
MumbaiMumbaiManufacturingConstructionBuilding MaintenanceBuilding MaterialWholesale Building MaterialsWholesaleManufacturingConstructionBuilding MaintenanceBuilding MaterialDescription
Ambuja Cements has successfully merged with Penna Cement Industries Limited, effective April 10, 2026. The merger was finalized after the filing of the NCLT order, which approved the scheme of arrangement. This consolidation marks a significant move in Ambuja's corporate strategy, enhancing its operational capabilities.
Quick answer
Ambuja Cements is acquiring Penna Cement Industries Limited, announced April 11, 2026. Ambuja Cements is based in Mumbai, Maharashtra, India.
- How much did Ambuja Cements pay for Penna Cement Industries Limited?
- The deal value was not disclosed.
- What does Ambuja Cements do?
- Ambuja Cements Ltd. is among the leading cement companies in India.
- Where are Ambuja Cements and Penna Cement Industries Limited based?
- Ambuja Cements is based in Mumbai, Maharashtra, India. Penna Cement Industries Limited is based in Mumbai, Maharashtra, India.
- Who are the decision-makers at Ambuja Cements?
- Fundz holds 4 contacts at Ambuja Cements. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- SouthernCarlson acquires Greenwald Supply Direct (March 18, 2026)
- Ambuja Cements merges with Sanghi Industries today (March 12, 2026)
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Who to call at Ambuja Cements, and when
When Ambuja Cements changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Ambuja Cements raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ambuja Cements, from your own LinkedIn network
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Frequently asked
Who acquired Penna Cement Industries Limited?
Penna Cement Industries Limited was acquired by Ambuja Cements, based in Mumbai. The deal was reported on April 11, 2026. Ambuja Cements Ltd. is among the leading cement companies in India. It is a member of the Adani Group - the largest and fastest-growing portfolio of diversified sustainable businesses. Ambuja Cements is privately held and operates in Manufacturing.
When did Ambuja Cements acquire Penna Cement Industries Limited?
Ambuja Cements's acquisition of Penna Cement Industries Limited was reported on April 11, 2026. Ambuja Cements has successfully merged with Penna Cement Industries Limited, effective April 10, 2026. The merger was finalized after the filing of the NCLT order, which approved the scheme of arrangement. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Penna Cement Industries Limited do?
Penna Cement Industries is a major Indian cement company with a focus on sustainable practices. It offers a range of cement products for various construction needs and has a significant market share in South India. It is privately held, operating in Manufacturing, and is based in Mumbai.
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