Adani Group completes acquisition of Ambuja Cements, ACC; Ambuja Cements board approves Rs 20,000 cr infusion
Adani Group has successfully completed the acquisition of Ambuja Cements and ACC , the company said in its filing to exchanges. The transaction involved the acquisition of Holcim’s stake in Ambuja and ACC along with an open offer in both entities through Endeavour Trade and Investment
Adani will hold 63.15 per cent in Ambuja Cements and 56.69 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements). Source: Twitter/Website