News > Adani Buys Holcim's Assets For $10.5 Billion
Adani Buys Holcim's Assets For $10.5 Billion
Telangana Today | 16/05/2022 03:31 PM | Click to read full article
Adani Group buys Holcim's stake in Ambuja cements and its subsidiary ACC in the most expensive ever, with a price tag of $10.5 billion (around ₹ 81,361 crores). That marks the ports-to-energy conglomerate's entry into the cement sector and makes it the second-largest cement producer in the country.
Shares of Ambuja Cements and unit ACC rose 2.9 per cent and 6.4 per cent, respectively, on Monday.