Ambuja, ACC Cements sale: Adani group nears $10bn deal for Holcim India business

Billionaire Gautam Adani’s conglomerate is nearing a deal to acquire a controlling stake in Holcim Ltd.’s businesses in India, according to people familiar with the matter, giving Asia’s richest person a foothold in the subcontinent’s fragmented cement sector. The Adani Group is hammering out the final details of a $10 billion deal for 63.1% of Ambuja Cements Ltd along with related assets, the people said. ET NOW's Nayantara Rai with more details. Watch the video.