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A day after announcing $10.5-billion deal to acquire Holcim’s India business, the Adani family has made an open offer to acquire a 26% stake each in its two listed companies Ambuja Cements and ACC Ltd from public shareholders.
Adani group recently announced a deal to acquire a controlling stake in Holcim Ltd's businesses in India for $10.5 billion (Rs 81,300 crore approximately) , marking the ports-to-energy conglomerate's entry into the cement sector.
Public announcement was jointly issued by ICICI Securities and Deutsche Equities India, the joint managers to open offer at bourses
On Monday, through its Mauritius-based subsidiary Endeavour Trade and Investment, Gautam Adani's group made an open offer of Rs 385 per share for Ambuja Cements Ltd and Rs 2,300 per share for ACC Ltd, , adani enterprises, gautam adani, ACC Ltd, ambuja cements, holcim
A day after announcing $10.5 billion deal to acquire Holcim's India business, the Adani family has made an open offer to acquire a 26 per cent stake each in its two listed companies Ambuja Cements and ACC Ltd from public shareholders.