Adani to buy Holcim's stake in Ambuja Cements and ACC for $10.5 billion

Adani Group on Sunday announced that it will acquire Holcim's stake in Ambuja Cements and ACC. The value for Holcim's stake and open offer consideration is about $10.5 billion. It will be the largest-ever acquisition for Adani Group and the largest-ever transaction in India's infrastructure and materials space. Switzerland-based Holcim holds 63.19% stake in Ambuja Cements and 54.53% in ACC.