The takeover of the Holcim stake in Ambuja Cements and ACC is an opportunity for the Adanis to deploy breakthrough technologies and raise the bar in the cement sector globally
Holcim had on Sunday signed a binding agreement with the Adani Group to sell its business in India
The world's largest cement maker Holcim last month announced its exit from the country after struggling here for a long.
The stock of ACC rallied 7.79 per cent to Rs 2,288.15 on the BSE
The Adani Group will acquire 63.1 per cent of Ambuja Cements Ltd along with related assets. Ambuja's local subsidiaries include ACC Ltd, which is also publicly...
In order to reduce debt and diversify its portfolio through acquisitions, Holcim has been selling off its non-core assets.
