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ACC has done a "successful acquisition of 55 per cent stake in ACCPL (Asian Concretes and Cements Pvt Ltd) from its existing promoter at an enterprise value of Rs 775 crore resulting in entire ownership of ACCPL
(Bloomberg) — Swiss building-materials firm Holcim Ltd. agreed to sell its Indian operations to local billionaire Gautam Adani, currently the richest person in…
Gautam Adani-owned Adani Group announced to enter into definitive agreements for the acquisition of Switzerland-based Holcim Ltd’s entire stake in two of India’s leading cement companies – Ambuja Cements Ltd and ACC Ltd. Gautam Adani-owned Adani Group, on Sunday, announced a deal to acquire Holcim’s businesses in India for $10.5 billion. The group revealed that...
The Adani Group won the race to acquire 63.19 per cent stake in Swiss cement major Holcim Ltd's India operations, Ambuja Cements Ltd and ACC, in a $10.5 billion deal.
Adani group has become the second-biggest player in the country after UltraTech Cement, which has a capacity of 120 million tonnes per year.