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Adani–Hindenburg aftermath: Decoding the expert committee's findings on SEBI's regulatory failure, Part 2 – The Leaflet

Adani–Hindenburg aftermath: Decoding the expert committee's findings on SEBI's regulatory failure, Part 2 – The Leaflet
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Adani: "Historic day as we become 2nd largest cement manufacturer in the country"

As Adani conglomerate has successfully acquired Ambuja Cements Ltd and ACC Ltd through Endeavour Trade and Investment Ltd (“BidCo”), the chairman Gautam Adani ....

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Sensex rises 300 points; banking, financial stocks surge

Sensex rises 300 points; banking, financial stocks surge
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Ambuja Cements surges 10 per cent on Adani's fund infusion plan

The share price of Ambuja Cements Limited surged by over 10 per cent on Monday to hit a fresh lifetime high after Adani Group, which completed the acquisition of the firm last week, announced Rs 20,000 crore fund infusion plan. ....

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Adani becomes India's second largest cement player

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 ....

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