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Ambuja Cements offloaded a 2 percent stake in Sanghi Industries to comply with the minimum public shareholding norms.

Ambuja Cements shares in green after firm offloads 2% stake in Sanghi Industries

Ambuja Cements' move necessitated in order to comply with minimum public shareholding norms.

Sanghi Industries stock rises 8% as Ambuja Cements proposes to divest up to 2% stake

Concern among minority shareholders about the Master Supply and Service Agreement proposed by Ambuja Cements is the main reason for the fall in share prices. They believe Sanghi Industries’ control on profitability will be limited under the agreement.

Sanghi Industries settles down, analysts peg falls on minority shareholder concern over Ambuja Cement supply deal

Investors in Grasim Industries and Tourism Finance Corporation further continued share sale in these companies.

Bulk deals: Citibank sells further stake in Grasim, foreign investor sells IEX shares

Sanghi Industries signed a contract with Ambuja Cements to supply its entire production to Ambuja and ACC at a fixed 10 percent markup over the production cost.

Sanghi Industries crashes 10% over profitability concerns in Ambuja Cement deal

The move is expected to make the company EBITDA positive.

Sanghi Industries stock tumbles 10% as Ambuja Cement supply deal seen limiting profitability

Sanghi Industries Ltd. engages in the manufacture and sale of cement and clinke products. It offers ordinary Portland, and Portland pozzolana cement. It operates through Within India, and Outside India geographical segments. The company was founded on June 14, 1985 and is headquartered in Ahmedabad, India.

Volume	419,460.00
52-Wk High	156.00
52-Wk Low	65.70

SANGHIIND.NSE Sanghi Industries Ltd.

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