Adani Group To Pick Up 47% Stake In ITD Cementation
Adani Group To Pick Up 47% Stake In ITD Cementation As It Looks To Supercharge Portfolio: Report
The Adani Group, led by billionaire Gautam Adani, is reportedly planning to acquire a 46.64% stake in ITD Cementation India. What Happened: The Adani Group has emerged as the top contender to acquire the promoter’s stake in ITD Cementation India,
Adani Group set to acquire 46.64% stake in ITD Cementation India for Rs 5,888.57 crore
The Adani Group is set to acquire a 46.64% stake in ITD Cementation India for Rs 5,888.57 crore to enhance its civil engineering capabilities. This acquisition will trigger an open offer for an additional 26% stake.
Adani Group eyes 46.64% stake acquisition in ITD Cementation India
The Adani Group has emerged as the frontrunner to acquire a 46.64 per cent promoter stake in ITD Cementation India, a move that is expected to bolster the infrastructure conglomerate’s in-house civil engineering expertise,
Adani Group leads race for 46.64% of ITD Cementation India in $700-mn deal: Report
Adani is believed to have outbid competitors, including Abu Dhabi's top dredging company and the RPG Group's KEC International. India’s cement sector is witnessing heightened competition as ...
ITD Cementation shares surge over 15% amid reports that Adani Group leading bid for 46.64% promoter stake
ITD Cementation India's shares surged over 15% amid reports that the Adani Group is poised to acquire a 46.64% stake, potentially valued at ₹5,888.57 crore. The stock has increased by 189% from its 52-week low,
Adani’s resurgence: A $5-7 bn war chest for cement, ports, defence acquisitions
The three-decade-old Adani group is building up massive funds to fuel its most aggressive growth strategy ever as it rebounds ...
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Grapevine: Adani eyes another cement maker; SP Group firm raising funding
Adani Group is close to acquiring a 46.64% stake in ITD Cementation India for Rs 5,889 crore ($700 million), including a mandatory open offer, a media report said. The deal, aimed at strengthening ...
Adani Group works on $5-7-billion acquisition blueprint for next 6 months: Report
Despite ongoing investigations by the Securities and Exchange Board of India, the Supreme Court's decision in January to ...
Adani-backed Ambuja Cement's officer arrested for bribery attempt in Odisha
Rambhav Gattu was arrested for Rs 2 lakh alleged bribery attempt in Odisha, money hidden in box of sweets handed over to govt ...
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Ambuja Cement's chief manufacturing officer arrested for alleged attempted bribery
The officer, Rambhav Gattu, offered a flower bouquet and a packet of sweets - later found to contain 200,000 Indian rupees ...
Is Adani's semiconductor play a long-term game?
Adani group’s semiconductor fabrication unit in JV with Tower Semiconductor in Maharashtra’s Raigad district, is expected to ...
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Adani Foundation at ACC Chanda eliminates Gowari farmers’ water insecurities with Cement Nala Bund
ACC and Adani Foundation construct a Cement Nala Bund (CNB) in Gowari village to address water scarcity faced by Bhaskar ...
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Adani Foundation at ACC Kymore spearheads sustainable agriculture practices with mechanisation
ACC, the cement and building material company of the diversified Adani Portfolio, is spearheading sustainable agricultural ...
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Mutual Funds Bet Big On Adani Firms As Short Seller Attacks Do No Damage, Buy Stakes Worth ₹4,200 Cr: Report
The Adani Group is witnessing a steady rise in interest from mutual funds, with net buying in August crossing ₹4,200 crore — ...