Ambuja Cements Acquires Penna Cement Industries Ltd for Rs. 10,422 Crores June 14, 2024, 9:33 a.m. Ambuja Cements acquires 100% shares of Penna Cement Industries Ltd., making it a wholly-owned subsidiary.The acquisition is valued at Rs. 10,422 Crores.The transaction will … Unlock the Full Filing And Lot More Access premium insights and stay ahead of the market with Dzambhala Pro. Learn More