Adani Group, Ambuja Cements and HeidelbergCement
HeidelbergCement shares surge 18% on reports of Rs 10,000-crore buyout interest from Adani's Ambuja Cements
Mumbai/IBNS: HeidelbergCement India's share price surged 18 percent on Monday (Oct. 7) following reports that the Adani Group is in talks to acquire the company, along with Zuari Cement, from its German parent firm.
HeidelbergCement share price jumps 18% on report Adani Group firm Ambuja Cements eyeing ₹10,000-crore buyout
Adani Group company Ambuja Cements will lead the proposed buyout of Heidelberg’s India unit and the acquisition could be worth around $1.2 billion or ₹10,000 crore, a report said.
Adani Group In Talks To Acquire Heidelberg's India Cement Unit For Rs 10,000 Cr
The Adani Group has entered discussions to acquire the Indian cement operations of Germany’s Heidelberg Materials, with Ambuja Cements, an Adani Group company, leading the potential buyout, according to media reports.
Adani Group in talks to buy Heidelberg's Indian cement operations, ET reports
The Adani Group is in talks to buy the Indian cement operations of Germany's Heidelberg Materials in a deal that could be worth about $1.2 billion, the Economic Times reported on Monday, citing people familiar with the matter.
Heidelberg Cement shares surge on reports of Adani Group eyeing ₹10,000 crore buyout
The HeidelbergCement India stock was trading 5.05% higher at ₹229.81. The stock is up 22% in the last one year, with its current market capitalisation at about ₹5,200 crore.
Ambuja Cements rises 1.96% as Sensex climbs
The stock traded at a P/E multiple of 44.68, while the price-to-book value ratio stood at 3.25.
Global Cement4h
Adani Group may merge Ambuja Cements and ACC
India: Adani Group is considering a merger of Ambuja Cements and ACC into a single entity, Adani Cement, by 2028. Mint News has reported that the group, which began integrating the operations of the ...
Major deals in India's cement sector since Adani Group's entry in 2022
Dealmaking in India's cement sector is in the spotlight again, after a report said Adani Group is in talks to buy the local ...
Major cement firms compete to acquire HeidelbergCement India's stake
The German building materials company Heidelberg Materials AG holds a 69.39 per cent stake in its Indian subsidiary, which, ...
Analysts remain neutral on cement sector amid lacklustre demand
Analysts of ICICI Securities, also neutral on the sector, have recommended ‘buy’ call on Ambuja Cements. They also project ...
Heidelberg exploring sale of India business; taps Adani, UltraTech and JSW Cement
Heidelberg currently owns a 69.39 percent stake in the company, which is listed on the Indian stock exchanges. Heidelberg’s ...
devdiscourse11d
Ambuja Cements Joins Global Alliance for Industry Decarbonization
Ambuja Cements, led by Gautam Adani, has become the first cement manufacturer to join the Alliance for Industry ...
Outlook Business11d
Ambuja Cements Joins Alliance for Industry Decarbonisation
Ambuja Cements, part of the Adani Group, has joined the Alliance for Industry Decarbonisation to support its goal of ...
Mint5h
Ambuja and ACC: Are wedding bells ringing?
The Adani group is weighing a plan to merge Ambuja Cements Ltd and ACC Ltd that it acquired two years ago into a single ...
devdiscourse12d
Ambuja Cements Joins Global Alliance to Accelerate Decarbonization
Ambuja Cements, led by Gautam Adani's Ambuja Group, has joined the Alliance for Industry Decarbonization (AFID) to accelerate ...