With an investment of $4 billion (₹31,139 crores), the open offers will be the largest in India.
The mandatory open offers for the companies is being made by a Mauritius-based company owned by the Adani family, after the family acquired a 63 per cent stake in Ambuja and 4.5 per cent in ACC from Swiss cement major Holcim for $6.5 billion. Ambuja has a 50 per cent stake in ACC.
The entire transaction will cost the Adani family around $10.5 billion (₹81,000 crore).
The open offer exercise will be over by the first week of August, according to notices issued by both companies.
This story is from the May 24, 2022 edition of Business Standard.
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This story is from the May 24, 2022 edition of Business Standard.
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