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Top related persons:
Aditya Kalra - 2 Anushree - 1 Gautam Adani - 1 Hindenburg - 1 Ros Russell - 1 Amit Dave - 1 Gautam Adani's - 1 Ambuja - 1
Top related locs:
India Gurugram Adani Ports Australia New Delhi Ahmedabad Gujarat
Top related orgs:
REUTERS - 2 Adani Group - 2 Sanghi Industries - 2 Thomson - 2 Deloitte - 1 U.S - 1 GQG Partners - 1 Associates - 1

Search resuls for: "Sanghi Industries"


2 mentions found


☆ India’s Adani Ports says Deloitte auditor resignation arguments not convincing
  + stars: | 2023-08-12 | by ( Aditya Kalra Munsif Vengattil | Aditya Kalra | Munsif Vengattil | ) www.reuters.com   time to read: +2 min
The Deloitte company logo is seen at their office in Gurugram, India, June 13, 2023. The auditor's resignation has brought fresh scrutiny of the financial management at Adani Group, led by Indian billionaire Gautam Adani. "The Audit Committee (of Adani Ports) was of the view that the grounds advanced by Deloitte for resignation as Statutory Auditor were not convincing or sufficient to warrant such a move," it said. Adani Ports has named MSKA & Associates, an independent member firm of BDO International, as its new auditor, it said in the statement. Deloitte in May first pointed to certain transactions flagged by Hindenburg in its report and gave only a qualified opinion related to Adani Ports, indicating concerns by a company's auditor.
Persons: Anushree, Gautam Adani, Hindenburg, Aditya Kalra, Ros Russell Organizations: Deloitte, REUTERS, U.S, Adani Group, GQG Partners, Sanghi Industries, Associates, BDO International, Thomson Locations: Gurugram, India, Adani Ports, Australia, New Delhi
☆ Adani-owned Ambuja Cements to acquire majority stake in India's Sanghi -sources
  + stars: | 2023-08-01 | by ( Aditya Kalra | Thomson Reuters | Aditya Kalra Is The Company News Editor For Reuters In India | ) www.reuters.com   time to read: +1 min
A view shows Ambuja Cement bags, to be carried to a construction site, in a load carrier in Ahmedabad, India, July 29, 2022. REUTERS/Amit Dave/File PhotoNEW DELHI, Aug 1 (Reuters) - India's Ambuja Cements (ABUJ.NS) has reached a deal to acquire a majority stake in operations of Sanghi Industries (SNGI.NS), two sources with direct knowledge said, a transaction that will add heft to cement operations of billionaire Gautam Adani's firm. The deal by Ambuja is likely to be announced as soon as Wednesday, the sources said, declining to be named because the decision is not public. One of the sources said the deal was done by considering Sanghi's enterprise value at 60 billion rupees ($729 million). Sanghi Cement declined to comment.
Persons: Amit Dave, Gautam Adani's, Ambuja, Adani, Aditya Kalra, Leslie Adler Organizations: REUTERS, Sanghi Industries, Economic, Sanghi, UltraTech, ACC Ltd, Adani Group, Reuters, Thomson Locations: Ahmedabad, India, Gujarat
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