Gautam Adani offers to acquire 26%
Gautam Adani offers to acquire 26%
of Ambuja Cements, ACC from open market
of Ambuja Cements, ACC from open market
– The Adani group through its Mauritius-based subsidiary Endeavour Trade and Investment
has made an open offer at ₹385 per share for Ambuja Cements Ltd and ₹2,300 per share for ACC Ltd
Day after billionaire Gautam Adani's conglomerate bought Switzerland-based Holcim AG's cement businesses in India
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for $10.5 billion, the Adani family on Monday made an open offer to buy a 26% stake
each in its two listed firms – Ambuja Cements and ACC Ltd – from public shareholders.
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