ITD Cementation shares fall 8% post Adani’s acquisition bid
Adani group affiliate Renew Exim DMCC has proposed to buy 72.64% stake in ITD Cementation for a total consideration of over ₹5,700 crore.
adani group
October 2024
September 2024
August 2024
Adani group to acquire majority stake in ITD Cementation for ₹5,700 cr
Adani group’s unit Renew Exim DMCC to buy 46.64% stake from ITD Cementation’s Thai promoter, and an additional 26% through open offer.
Adani-led Ambuja Cements buys 47% stake in Orient Cement for ₹8,100 cr
The Ambuja-Orient deal marks another acquisition after ₹10,422 cr Penna Cement buyout in June this year; to boost Ambuja's capacity by 16.6 mn tonnes
Heidelbergcement India shares hit 52-week high on report of Adani buyout talks
Riding high on buyout rumors, shares of Heidelbergcement India surged 17.95% to touch a new 52-week high of ₹257.85 on the BSE.
'Preposterous': Adani Group junks Hindenburg's latest allegations about $310 mn frozen Swiss bank funds
Hindenburg alleges these funds had been frozen as part of a "money laundering and securities forgery probe" into the Adani group in 2021; Adani group says it has "no involvement" in any Swiss court
Adani Ports shares gain 2% on plan to develop multipurpose terminal at Deendayal Port
APSEZ has signed a concession agreement with Deendayal Port Authority to develop Berth No. 13 at Deendayal Port, Kandla, Gujarat.
India Inc. In Diversification Rush
Cash-rich groups foray into new-age businesses, consolidate existing ones to add to market value.
APSEZ to acquire 80% stake in global OSV operator Astro Offshore
The acquisition will be done in an all-cash deal for $185 million and the transaction is expected to close within a month.
Adani Power shares rise nearly 2% on setting up new subsidiary in Middle-East
Adani Power Middle East Ltd has been set up to invest in power, infrastructure, and related fields in the region.
Ambuja Cements shares surge 4% amid block deal buzz; promoter Adani family likely seller
Adani Group-owned Holderind Investments was looking to sell 2.84% stake in Ambuja Cements through block deal at a floor price of ₹600 per share.
