India's Andhra Cements jumps on merger with Sagar Cements
08/06/2026 07:12
BUZZ-India's Andhra Cements jumps on merger with Sagar Cements ** Shares of Andhra Cements ANDC.NS rise 2%, their biggest intraday pct-gain since May 13, to 55.3 rupees
** Cement maker to merge with its holding co Sagar Cements SGRC.NS
** Andhra Cements shareholders to receive 29 Sagar Cements shares for every 98 shares held
** Merger to integrate operations of both entities, with combined entity expected to achieve focused growth, improved operational efficiencies, business synergies - Andhra Cements
** SGRC flat
** ANDC down 17% YTD vs 16% fall in SGRC
(Reporting by Aleef Jahan in Bengaluru)
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