Adani has acquired the two firms through a Mauritius-based SPV Endeavour Trade and Investment Ltd (ETIL), which is owned by Xcent Trade and Investment Ltd (XTIL).
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.
Engineered with cutting edge technology – Ambuja Kawach is a specially formulated cement with high-quality water-repellent properties and is a one-of-its-kind product.
Ambuja Cements' consolidated net profit declined by 28.76 per cent to Rs 592.51 crore for the quarter ended on June 30 on account of COVID-19 related disruptions.
Company’s total expense in December quarter was up 4.36 per cent at Rs 5,541.24 crore as against Rs 5,309.59 crore in the year-ago quarter.
If successful, the move would create the second largest cement company in the country after UltraTech
New Delhi: WWE wrestler The Great Khali just starred in a hilarious video of Ambuja Cement. With every brand trying to lure their customers with quirky television commercials, Ambuja cement took it to a whole
New Delhi: Nestle India has paid Rs 20 crore to Ambuja Cements for destroying Maggi instant noodles, which were found to be harmful for human consumption by the food regulators in the country.Ambuja Cements, formerly
The Foreign Investment Promotion Board has cleared 10 FDI proposals worth Rs 2,858 crore, and referred the Holcim-Ambuja deal to the CCEA."The Government has approved 10 proposals of Foreign Direct Investment (FDI) amounting to Rs
New Delhi, July 25: Ambuja Cements shares on Thursday plummeted by as much as 15 per cent, after Swiss cement-maker Holcim said it will increase stake in the company as part of restructuring its Indian
Top News
Latest News
