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Indian Economy - Understanding the basics of Indian economic system

16-May-22

Adani buys Ambuja, ACC for $10.5 bn

Adani Group becomes India’s 2nd largest cement maker with $10.5 billion acquisition of Ambuja-ACC

The Adani Group won the race to acquire 63.19 per cent stake in Swiss cement major Holcim Ltd's India operations, Ambuja Cements Ltd and ACC, in a $10.5 billion deal.
This deal makes Adani second largest cement player after UltraTech Cement of the Aditya Birla Group

By: Brijesh Kumar

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