Anjani Portland Cement acquires 82.51% stake in Bhavya Cements

For total consideration of Rs 607.18 crore

Anjani Portland Cement has acquired 115455015 fully paid-up equity shares of face value Rs.10 each in the share capital of Bhavya Cements, representing 82.51% of the paid-up share capital of the Investee Company, at a price of Rs. 52.59 per share involving a total Sale Consideration of Rs. 607.18 crore. With this acquisition, Bhavya Cements has now become a subsidiary of Anjani Portland Cement.

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