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Adani Enterprises Ltd.
BSE: 512599 | NSE: ADANIENT
Large Cap | Trading
2051.25
-4.80 (-0.23%) Adani Group to launch open offer for acquisition of 26% stake each in Ambuja Cements, ACC
Date: 23-08-2022The 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.