Shares of Sanghi Industries continued to dwindle in Wednesday's trade after Adani Group-owned Ambuja Cements announced a merger of its subsidiaries. The stock tumbled 12.35 per cent to hit a 52 ...

Ambuja Cements, part of the Adani Group, has announced plans to merge its subsidiaries Sanghi Industries and Penna Cement Industries. The move is aimed at consolidating operations and ...

The swap ratio for the merger of Sanghi Industries with Ambuja Cements is weighted in favour of the Adani group company, but analysts said that the merger is providing Sanghi shareholders a ...