Historic ocean liner departs Philadelphia on voyage to become the world’s largest artificial reef
The historic, aging ocean liner that a Florida county plans to turn into the world’s largest artificial reef has departed ...
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India's Adani Group acquires Penna Cement for $1.2 billion
Ambuja Cements Ltd, a subsidiary of Adani Group, has signed a definitive agreement to acquire competitor Penna Cement Industries Limited for 104.2 billion rupees ($1.2 billion). This is reported in ...
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Gautam Adani acquires Penna Cement: Can it strengthen Adani's presence in South India?
The latest one is the buyout of Hyderabad-based Penna Cement Industries for Rs 10,420 crore. Currently, Penna Cement has a total capacity of 10 mtpa and another 4 mtpa is under construction.
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Ambuja Cements-Penna Deal: Gautam Adani-led company may repay Rs 3000 cr debt - Details
expect Ambuja Cements to repay Penna Cement's debt, which is accruing interest at over 15% per annum, ahead of schedule, reported Economic Times (ET). According to reports, Penna Cement’s debt ...