Adani Family to Acquire Ambuja and ACC in $10.5 Billion Deal

Adani
Pictures Credit: Google

Gautam Adani Group to acquire Switzerland-based Holcim Ltd's entire stake in two Indian cement companies, Ambuja Cements Ltd and ACC Ltd. Cement Ltd, in a $10.5 billion deal.

The Adani Group said it will be acquiring 26% stake each in Ambuja Cements and ACC Ltd.

Gautam Adani group's Mauritius-based subsidiary Endeavor Trade and investment made an open offer. The offer for Ambuja Cements Ltd was at $0.013 (INR385) per share and $29.55 (INR2300) per share for ACC Ltd.

Adani has made an open offer to its public shareholders to acquire 51.63 crore equity shares of Ambuja Cements. Therefore, depicting 26% of the expanded share capital, aggregating to a total amount of INR19879.57 crore.

On other hand, Adani made an offer to its public shareholders to acquire up to 4.89 crore worth...

Login In

or

Register now for free access

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments