Ahmedabad (Gujarat) [India], September 17 (ANI/PRNewswire): The Adani Family, through Endeavour Trade and Investment Ltd ("BidCo"), a special purpose vehicle, has successfully completed the acquisition of Ambuja Cements Ltd and ACC Ltd. The transaction involved the acquisition of Holcim's stake in Ambuja and ACC along with an open offer in both entities as per SEBI Regulations. The largest acquisition in India's Infrastructure and Materials space valued at USD 6.50 billion. Post the transaction, Adani will hold 63.15 per cent in Ambuja Cements and 56.69 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements). The combined market capitalization of Ambuja Cements and ACC is USD 19 billion as on date. With this acquisition, Adani is now India's second largest cement manufacturer (capacity 67.5 MTPA) Enhanced corporate governance with 100 per cent independent directors on Audit Committee and Nomination & Remuneration Committee. Two new Board commi
Completes acquisition of Ambuja Cements and ACC Largest acquisition in India's Infrastructure and Materials space valued at USD 6.50 billionPost the transaction, Adani will hold 63.15%