The Jaypee Group on Monday said that a binding agreement had been signed to sell the group’s cement business to Dalmia Cement (Bharat) Ltd at an enterprise value of Rs 5,666 crore. The binding agreement has been signed...
Adani enters the cement sector through the acquisition of Ambuja Cement Limited and ACC Limited
In a move to broaden its business verticals, Adani Group announced acquisition of entire equity stake held by Holcim Group in Ambuja Cement Limited and ACC Limited. This marked foray of Adani Group into the cement...
Will NDTV turn out to be Adani’s most challenging acquisition?
In the past two-and-a-half years, the Adani Group has made about 30 acquisitions shelling out over 20 billion dollars. They have largely been a smooth affair. In the same period, Chairman Gautam Adani’s net worth...
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...
India Inc signs over 1,100 deals worth over $104 billion in first half of 2022
As many as 1,149 deals valued at $104.3 billion were signed by India Inc in the first half of this year despite global uncertainties, a report showed on Thursday. According to the Grant Thornton Bharat Dealtracker...
Adani, Ambani are driving force of India’s M&A activity, says Barclays
Billionaires Gautam Adani and Mukesh Ambani will continue to drive mergers and acquisitions in India as the country’s richest people are hunting for targets to diversify their businesses, according to Barclays Plc...
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...
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...
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...
Investors guide to benefitting from increased M&A activity in India Inc
The deal market is buzzing with a spate of mergers and acquisitions being announced by India Inc. Starting from PVR-Inox to HDFC-HDFC Bank, the Indian corporates have seen big names announcing mergers. And the list...