Adani Group launches open offer for acquisition of stake in ACC, Ambuja Cements
26th Aug 2022

Adani group has launched its Rs 31,000 crore open offer to acquire 26 per cent additional stake from the public shareholders of Swiss firm Holcim's two Indian listed entities ACC and Ambuja Cements. In May this year, the Adani Group had announced that it had clinched a deal to acquire a controlling stake in Holcim's businesses in India for $10.5 billion.

Markets regulator Sebi granted approval for the open offer last week. The open offer is estimated at over Rs 31,000 crore if fully subscribed.

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.