Acquisition of Ambuja makes Adani India's 2nd largest cement player after Ultratech
Shortpedia
Content Team
Image Credit: FPJ
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.
