Anjani Portland to buy majority stake in Bhavya Cements. | News On Project

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Published On:May 27 2021

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Anjani Portland to buy majority stake in Bhavya Cements.

Anjani PortlandCement, part of the Chettinad Group, is acquiring a majority stake in Bhavya Cements, which has around 1.4 million tonnes a year of cement-making capacity and annual revenue of more than 300 crore.

Hyderabad-headquartered Anjani Portland said it would pay a provisional price of 51.53 a share for the stake in unlisted Bhavya Cements. It did not disclose the number of shares being acquired or the total deal value.

ET

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