Ambuja Cements completes acquisition of My Home Group's cement grinding unit in Tuticorin, Tamil Nadu
Acquiring Company
Ambuja Cements
Acquired Company
My Home Group's cement grinding unit
MumbaiThoothukudiManufacturingConstructionBuilding MaintenanceBuilding MaterialWholesale Building MaterialsWholesaleManufacturingBuilding MaterialDescription
Ambuja Cements, a leading cement and building material company in the Adani Group, has successfully acquired My Home Group's 1.5 MTPA cement grinding unit in Tuticorin, Tamil Nadu for Rs 413.75 crore. This acquisition is expected to strengthen Ambuja Cements' foothold in the region, expand its market presence across southern markets, and enhance its operational capabilities.
Quick answer
Ambuja Cements is acquiring My Home Group's cement grinding unit, announced April 15, 2024. Ambuja Cements is based in Mumbai, Maharashtra, India.
- How much did Ambuja Cements pay for My Home Group's cement grinding unit?
- 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 My Home Group's cement grinding unit based?
- Ambuja Cements is based in Mumbai, Maharashtra, India. My Home Group's cement grinding unit is based in Thoothukudi, Tamil Nadu, 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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Frequently asked
Who acquired My Home Group's cement grinding unit?
My Home Group's cement grinding unit was acquired by Ambuja Cements, based in Mumbai. The deal was reported on April 15, 2024. 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 My Home Group's cement grinding unit?
Ambuja Cements's acquisition of My Home Group's cement grinding unit was reported on April 15, 2024. Ambuja Cements, a leading cement and building material company in the Adani Group, has successfully acquired My Home Group's 1.5 MTPA cement grinding unit in Tuticorin, Tamil Nadu for Rs 413.75 crore. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does My Home Group's cement grinding unit do?
The 1.5 MTPA cement grinding unit in Tuticorin, Tamil Nadu, is a part of My Home Group. It is privately held, operating in Manufacturing, and is based in Thoothukudi.
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