Adani Group, ultratech cement and India
moneycontrol.com · 20h
Heidelberg exploring sale of India business; taps Adani, UltraTech and JSW Cement
Heidelberg currently owns a 69.39 percent stake in the company, which is listed on the Indian stock exchanges. Heidelberg’s stake is worth around Rs 3,437 crore at the current market price. A controlling stake sale will trigger a mandatory open offer under SEBI’s takeover norms, for acquiring a 26 percent stake from public shareholders.
Global Cement · 17h
Adani Group in talks to acquire Heidelberg Materials' Indian cement operations
India: Adani Group is negotiating the purchase of Heidelberg Materials' cement business in India, potentially valued at US$1.2bn, according to Reuters. Heidelberg Materials has been present in India since 2006,
SiliconIndia · 17h
Adani Group Eyes $1.2 Billion Acquisition of Heidelberg's Indian Cement Operations
The potential acquisition of Heidelberg's Indian assets fits into Adani's broader strategy to expand its cement footprint. Following its purchase of Ambuja Cement from Holcim, which was valued at $6.5 billion, Adani became the second-largest cement producer in the country.
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