The Adani Group has unveiled plans to merge Sanghi Industries and Penna Cement Industries into Ambuja Cements, creating a unified governance structure. Ambuja Cements highlighted that this consolidation would streamline the organization and simplify compliance for more effective governance. The merger, led by billionaire industrialist Gautam Adani’s ports-to-power conglomerate, is pending requisite approvals and is expected to be completed within the next 9-12 months. This move is set to strengthen Ambuja Cements' position in the cement industry.
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