By Monika Singh | 20 Sep, 2022
Ambuja/ACC Rating: Buy; Deal to recast cement sector dynamics
Adanis announced the closure of the Cement transaction, including a significant Rs 200bn fund infusion into the business, with an ambition to become largest and most efficient cement player by 2030. Group synergy benefits should start coming in from Dec-22 quarter and accelerate over next 1-3 years.We raise consolidated Ebitda estimates for Ambuja by ~20%/ 30% for FY24/FY25 on higher volumes and E...
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