Adani to Acquire Holcim’s Stake in Ambuja Cements and ACC Limited

Adani to Acquire Holcim’s Stake in Ambuja Cements and ACC Limited

The Adani Family, through an offshore special purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd’s entire stake in two of India’s leading cement companies – Ambuja Cements Ltd and ACC Ltd. Holcim, through its subsidiaries, holds 63.19% in Ambuja Cements and 54.53% in ACC (of which 50.05% is held…