Adani Group to buy ACC and Ambuja Cement?

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Adani Group may soon sign a big deal with its holding company Holcim to buy ACC and Ambuja Cement

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Let us tell you that Holsim is going to wrap up its business from India after 17 years. In such a situation, Adani can buy ACC and Ambuja Cement

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The Holcim Group holds a major stake in two cement companies in India, Ambuja Cement and ACC Limited.

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Holcim Group holds 63.1% stake in Ambuja Cement through Holderind Investment Limited.

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Holcim Group's Ambuja Cement holds 50.05% stake in ACC Limited, another major cement company in India.

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Global banks Barclays, Deutsche Bank as well as Indian banks like ICICI Bank and Axis Bank are helping Adani Group for this deal.

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Apart from Adani Group, OP Jindal's Jindal South West (JSW) Group is also in the race to buy ACC and Ambuja Cements.

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Adani Group has grown over the years in the Group Green Energy, Media, Oil & Gas, Mining, Airport Operation, Construction, Food Processing.

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The Gautam adani Group company's stock Adani Wilmar crossed Rs. 800 on BSE.

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