Adani Group to buy ACC and Ambuja Cement?
Adani Group is in talks to buy Ambuja Cements from world's largest cement company Holcim.
Adani Group may soon sign a big deal with its holding company Holcim to buy ACC and Ambuja Cement
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
The Holcim Group holds a major stake in two cement companies in India, Ambuja Cement and ACC Limited.
Holcim Group holds 63.1% stake in Ambuja Cement through Holderind Investment Limited.
Holcim Group's Ambuja Cement holds 50.05% stake in ACC Limited, another major cement company in India.
Global banks Barclays, Deutsche Bank as well as Indian banks like ICICI Bank and Axis Bank are helping Adani Group for this deal.
Apart from Adani Group, OP Jindal's Jindal South West (JSW) Group is also in the race to buy ACC and Ambuja Cements.
Adani Group has grown over the years in the Group Green Energy, Media, Oil & Gas, Mining, Airport Operation, Construction, Food Processing.
The Gautam adani Group company's stock Adani Wilmar crossed Rs. 800 on BSE.
Adani Wilmar Share Price.