Billionaire Gautam Adani-led Adani Group on Sunday won the race to acquire Swiss cement major Holcim's stake in Ambuja Cements and its subsidiary ACC for $10.5 billion (R81,361 crore approximately), including the open offer payments.
Adani Group, through an offshore special purpose vehicle, said in a statement it had entered into definitive agreements for acquiring Holcim's stake in two of India's leading cement companies – Ambuja Cements and ACC.
This story is from the May 16, 2022 edition of Business Standard.
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This story is from the May 16, 2022 edition of Business Standard.
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