The Adani family has made an open offer to acquire a 26 per cent stake each in its two listed companies Ambuja Cements and ACC from public shareholders. Gautam Adani's group through its Mauritius-based subsidiary Endeavour Trade and Investment has made an open offer at Rs 385 per share for Ambuja Cements and Rs 2,300 per share for ACC.
For Ambuja Cements, Adani group has made an open offer to its public shareholders to acquire up to 51.63 crore equity shares, representing 26 per cent of the expanded share capital, aggregating to a total consideration of Rs 19,879.57 crore.
While for ACC, Adani group has offered to acquire up to 4.89 crore shares held by public shareholders, representing 26 per cent of the expanded share capital, aggregating to a total consideration of Rs 11,259.97 crore. This would be subject to the receipt of the Required Statutory Approval.
Ambuja Cements is engaged in manufacturing and marketing of cement and clinker for both domestic and export markets.
Company Name | CMP |
---|---|
Ultratech Cement | 9966.75 |
ACC | 2531.30 |
Shree Cement | 24394.00 |
Ambuja Cement | 619.70 |
Dalmia Bharat | 1831.00 |
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