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The value of the Holcim stake and open offer consideration for Ambuja Cements and ACC is USD 6.50 billion, which makes this the largest ever acquisition by Adani, and also India's largest ever M&A transaction in the infrastructure and materials space

Adani becomes India's second largest cement player

The Adani Family, through Endeavour Trade and Investment Ltd ("BidCo"), a special purpose vehicle, has successfully completed the acquisition of Ambuja Cements Ltd and ACC Ltd. The transaction involved the acquisition of Holcim's stake in Ambuja and ACC along with an open offer in both entities as per SEBI Regulations

By AP News
Published - Sep 16, 2022, 10:06 AM ET
Last Updated - Jun 12, 2024, 12:39 AM EDT

Completes acquisition of Ambuja Cements and ACC

  • Largest acquisition in India's Infrastructure and Materials space valued at USD 6.50 billion
  • Post the transaction, Adani will hold 63.15% in Ambuja Cements and 56.69% in ACC (of which 50.05% is held through Ambuja Cements)
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