Elpro International Ltd Acquires Equity Shares of Ambuja Cements Limited
Elpro International Ltd announced the acquisition of equity shares in Ambuja Cements Limited. The acquisition was executed using cash consideration and constitutes an investment purpose for Elpro International Ltd.The transaction involved Elpro International Ltd acquiring 1,36,000 Equity Shares at a cost of INR 6.02 Crores. This represents a fresh acquisition, bringing the total holding of Elpro International Ltd in the target entity to 1,36,000 Equity Shares.
Ambuja Cements Profile and Transaction Details
Ambuja Cements Limited, which operates in the Cement & Cement Products sector, is noted as the 9th largest cement producer globally and a member of the diversified Adani Portfolio. The company has maintained its presence in India since its incorporation on October 20, 1981.For the acquisition, the consideration used was cash consideration.
The consolidated turnover of Ambuja Cements Limited over the last three financial years shows the following figures:
| Particulars | FY2024-25 (Amount in Crores) | FY2023-24 (Amount in Crores) | FY2022-23 (Amount in Crores) |
|---|---|---|---|
| Revenue from Operations | 33,697.70 | 32,807.93 | 38,937.03 |
| Government Grants including duty credits/refunds | 1,347.06 | 351.71 | - |
| Other income | 2,654.25 | 1,166.40 | 737.71 |
| Total | 37,699.01 | 34,326.04 | 39,674.74 |
Ambuja Cements Limited's operations are centered on Cement & Cement Products, and the company is known for developing unique products tailored for Indian climatic conditions.
Stock Price Movement
Elpro International Ltd shares settled at ₹99.16 at the close of trade today, edging higher by 3.83%. Throughout the day, the stock navigated a notable intraday range, finding support near ₹94.99 before peaking at ₹99.60.Source:
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