JSW Group will make a $7 billion bid for Ambuja Cements, ACC: Chairman

JSW Group's Chairman Sajjan Jindal told Financial Times that the steel-to-energy conglomerate will make a $7 billion bid for Holcim's India subsidiaries Ambuja Cements and ACC. JSW will offer $4.5 billion in its own equity and $2.5 billion from undisclosed private equity partners for the bid. It was earlier reported that Adani Group is in talks to acquire Holcim's assets.