The union territory administration on Sunday approved the disinvestment of Jammu and Kashmir Cements Limited (JKCL) as the company was not able to sustain and manage its finances properly, an official spokesman said...
Adani to launch open offer to acquire stake in ACC, Ambuja Cement on Aug 26
The Adani Group is likely to launch next week an open offer worth Rs 31,000 crore to acquire 26 per cent stake each in Swiss firm Holcim’s two Indian listed entities Ambuja Cements and ACC, from public...
Competition Commission approves Adani Group’s acquisition of ACC, Ambuja
The Competition Commission of India (CCI) on Friday said that it had approved the Adani Group’s acquisition of Ambuja Cements and ACC from Switzerland’s Holcim. The two companies were acquired in a $10.5-billion (Rs...
Adani-Holcim deal and the legacy Vodafone tax issue
The Holcim-Adani deal could be the first high profile merger and acquisition deal that will face the test of India’s amended indirect transfer of shares regulations, especially in connection with the country’s double...
After $10.5-bn deal, Adani makes open offer for Ambuja and ACC stake
A day after announcing a $10.5-billion (about Rs 81,000-crore) deal to acquire Holcim’s stake in Ambuja Cements and its subsidiary ACC, the Adani family on Monday made open offers to the public shareholders of the...
Gautam Adani’s biggest M&A: Acquires Ambuja Cement, ACC from Holcim for $10.5 bn
Billionaire businessman Gautam Adani has won Holcim’s listed cement assets in India, ACC and Ambuja for a little over $10 billion, the company announced on Sunday. Post regulatory approval for the deal, it stands to...
Ambuja, ACC sale: UltraTech likely to bid, secures legal view
Armed with a favourable legal opinion and regulatory precedence under the Competition Act, Aditya Birla Group is likely to bid for Holcim’s India assets – Ambuja Cements and ACC Ltd, said people in the know...
Holcim deal talks with Adani, JSW enter last leg
The Holcim Group, the world’s largest cement maker, has begun negotiating a detailed share purchase agreement (SPA) with two Indian contenders – the Adani Group and the JSW Group – as the near $10 billion sale of listed...
Adani Leads The Race To Buy Ambuja And Acc With $13.5 Bn In Kitty
Adani Group has taken the lead in the race to buy Switzerland-based Holcim’s India arms—Ambuja Cements Ltd and ACC Ltd—with a war chest of $13.5 billion for the deal, two people with direct knowledge of the matter said...
Adani taps Gulf groups and IHC to join efforts for ACC, Ambuja buy
Billionaire businessman Gautam Adani is in discussions with investment groups and funds from the Middle East, including members of the family of Sheikh Tahnoon bin Zayed Al Nahyan, for financing support of up to $2...
Billionaire Gautam Adani In Talks To Buy Holcim India Units: Report
Gautam Adani’s conglomerate is in advanced talks to acquire Holcim Ltd.’s businesses in India, according to people familiar with the matter. The billionaire’s Adani Group could sign an agreement to acquire a controlling...
Holcim Group Weighs Offers For Cement Biz
The board of Swiss cement maker Holcim Group is set to meet next week to decide on the sale of its Indian cement businesses—Ambuja Cements Ltd and ACC Ltd—for which Adani Group, JSW Group and UltraTech Cement are in...
