Ambuja Cements, HeidelbergCement and Adani Group
HeidelbergCement shares surge 18% on reports of Rs 10,000-crore buyout interest from Adani's Ambuja Cements
Mumbai/IBNS: HeidelbergCement India's share price surged 18 percent on Monday (Oct. 7) following reports that the Adani Group is in talks to acquire the company, along with Zuari Cement, from its German parent firm.
HeidelbergCement share price jumps 18% on report Adani Group firm Ambuja Cements eyeing ₹10,000-crore buyout
Adani Group company Ambuja Cements will lead the proposed buyout of Heidelberg’s India unit and the acquisition could be worth around $1.2 billion or ₹10,000 crore, a report said.
HeidelbergCement zooms 18% on report Ambuja eyeing to buy co's India ops
Ambuja Cements is in talks to acquire Indian operation of Heidelberg at an estimated cost of Rs 10,000 crore for 14 mtpa, reports said
Ambuja Cements stock gains 1%, HeidelbergCement India jumps 13% as Adani eyes Rs 10,000-crore buyout
HeidelbergCement India's potential acquisition is expected to significantly boost Ambuja’s production capacity from the current 89 million tonnes, as the Adani group firm targets a capacity of 140 million tonnes by 2028.
Heidelberg Cement shares surge on reports of Adani Group eyeing ₹10,000 crore buyout
The HeidelbergCement India stock was trading 5.05% higher at ₹229.81. The stock is up 22% in the last one year, with its current market capitalisation at about ₹5,200 crore.
HeidelbergCement India stock hits 52-week high amid Adani Group buyout talks
Shares of HeidelbergCement India surged 18 per cent in intra-day trade on Monday amid reports that the Adani Group is in talks to acquire Indian operations of Germany's Heidelberg Materials. The proposed buyout of Heidelberg's India unit will be led by billionaire Gautam Adani-led Ambuja Cements and could be worth around USD 1.
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