Gautam Adani-owned Adani Group announced to enter into definitive agreements for the acquisition of Switzerland-based Holcim Ltd’s entire stake in two of India’s leading cement companies – Ambuja Cements Ltd and ACC Ltd. Gautam Adani-owned Adani Group, on Sunday, announced a deal to acquire Holcim’s businesses in India for $10.5 billion. The group revealed that.
The company in a stock exchange filing has said that it has incorporated a wholly- owned subsidiary called Adani Cement Industries Limited (ACIL) on 11 June 2021.