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Gautam Adani To Become India s Second-biggest Cement Maker With $10 5 Billion Holcim Deal

Asia s richest person Gautam Adani s conglomerate acquired 63.19% of Ambuja Cements Ltd and its subsidiary ACC in fierce bidding with local companies

Gautam adaniAmbuja cements ltdHolcim dealIndias second biggest cement maker

Battle for Holcim s ACC, Ambuja hots up as Adani, JSW are vying for cement assets

Switzerland's Holcim will review bids from both Adani and JSW, but a deal would depend not just financial but on other contractual terms.

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