New Delhi, Aug 13: The Competition Commission of India (CCI) has given its approval for the acquisition of Holcim’s stake in Ambuja Ltd and ACC Ltd by the Adani Group. In a tweet on Friday, the watchdog said it has approved the “acquisition of the stake in Holderind Investments, Ambuja Cements and ACC by Endeavour Trade and Investment”. The proposed combination involves acquisition of 100 per cent stake in Holderind Investments Ltd by Endeavour Trade and Investment Ltd. Endeavour Trade […]
Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra)/ Cyril Amarchand Mangaldas acted as legal counsel to the Adani Group on its acquisition of controlling interest held by Holcim Group in Ambuja Cements Limited and ACC Limited. This is the largest transaction in India s infrastructure and materials space, valued at USD 10.5 billion, and has triggered two open offers, each in respect of Ambuja Cements Limited and ACC Limited. Business News | Cyril Amarchand Mangaldas Advises on Acquisition of Ambuja Cement and ACC Ltd by Adani Group for USD 10.5 Billion.