Ambuja Cement has announced its acquisition of Penna Cement at an enterprise value of ₹10,422 crore. This strategic move enhances Ambuja's footprint in the cement industry and strengthens its market presence. The acquisition aims to leverage Penna Cement's established network and production capacity, providing Ambuja with a competitive edge in the sector. This deal marks a significant step in Ambuja's growth strategy, aligning with its long-term vision of expanding its operations and increasing its market share.