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Adani Group to launch open offer for acquisition of 26% stake each in Ambuja Cements, ACC

23 Aug 2022 Evaluate

The Adani Group is all set to launch an open offer worth Rs 31,000 crore on August 26, 2022 to acquire 26% stake each in Swiss firm Holcim's two Indian listed entities Ambuja Cements and ACC. Earlier, in May 2022, the Adani Group has clinched a deal to acquire a controlling stake in Holcim's businesses in India for $10.5 billion. Sebi granted approval for the open offer this week.

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.

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