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ADANI HOLCIM MERGER
Will we K-Pop (desi remix)? How India can turn Tata, Adani, Reliance into global titansForeign companies are exiting India for various reasons, from business failures to global strategy shifts. India aims to build national cha...- Karan Adani flags contractor woes, project delays as Ambuja Cements trims FY27 capexAmbuja Cements faces project delays due to contractor and team issues. The company is now prioritizing completion of ongoing expansions. Ca...
- Adani Group consolidates cement assets: Ambuja Cements to merge ACC & Orient CementAdani Group is consolidating its cement assets, merging ACC Ltd and Orient Cement into Ambuja Cements to create a single pan-India entity. ...
- NCLT approves merger of Adani Cementation with Ambuja CementsThe NCLT has approved the merger of Adani Cementation with Ambuja Cements, consolidating Adani Group's cement business. Effective from Apri...
- Adani Cement to merge Sanghi & Penna units with Ambuja CementsAdani Cement is merging Sanghi Industries and Penna Cement with its flagship company, Ambuja Cements. Sanghi shareholders will receive 12 A...
- Major deals in India's cement sector since Adani Group's entry in 2022: A timelineAmbuja Cements will acquire a 47% stake in Orient Cement for $451 million, as India's cement sector sees significant deal-making activity. ...
- Adani Group lays bricks to buy Heidelberg’s India cement unitThe Adani Group, India's second-biggest cement maker, had entered the sector by acquiring Holcim's India operations in 2022. As with Holcim...
- Ambuja Cements board approves merger of Adani Cementation with companyACL has acquired land to set up 2.5 MTPA (million tonnes per annum) along with captive jetty at Amba River, Raigad (Maharashtra). Besides, ...
- Barclays hires dealmakers in India amid firmwide job cutsBarclays Plc is expanding its advisory business in India by hiring Sameer Sood and Srikanth Chakka from Credit Suisse. Sood will join as a ...
- Adani to continue using ACC, Ambuja brands; 'no plans to merge' cement unitsAdani Group will continue to use its ACC and Ambuja cement brands for selling cement products and will not merge the two entities, said Aja...
- Adani’s go-to bankers at Barclays turn cautious after HindenburgBarclays has reduced its exposure to Indian conglomerate Adani following allegations made by short-seller Hindenburg Research earlier this ...
- Adani Group to slow down on dealmaking to focus on existing projectsAdani's listed shares in India have clawed back some $50 billion in its market capital after a rout triggered by U.S. short-seller Hindenbu...
- Asia’s richest man Gautam Adani is searching for new group M&A chiefVinod Bahety, who’s been helming Adani Enterprises Ltd.’s M&A activity, will move to a new business vertical and a formal announcement coul...
- Deal street hits all-time high of $130 bn in first half of 2022 on HDFC, Adani-Holcim mergersThe April-June quarter of 2022 saw the strongest deal making activity, pushing the total deal value to a record USD 130.3 billion in the fi...
- Holcim takes a $5 billion currency cover against Adani deal receivablesThese derivative bets, said to be of shorter maturities, will cover the exchange rate risk on more than $5 billion as and when the acquisit...
- Adani-Holcim deal and the legacy Vodafone tax issueAs per the indirect transfer of shares regulations any asset that derives most of its value (50%) from Indian assets, should be taxable dom...
- Holcim's $6.4 billion deal with Gautam Adani to be a tax-free transaction?Tax department officials told ET that the deal was unlikely to face capital gains tax if Holcim had acquired the stakes before 2017, when I...
- Adani’s acquisition of Holcim businesses to be one of the largest deals in IndiaThe biggest acquisition of an Indian company has been Walmart’s acquisition of Flipkart for $16 billion in 2018. The purchase of Essar Oil ...
- Ultratech makes a formal bid for Holcim's India assetsThe JSW Group, which is already present in the sector and the Adani Group which does not have a presence, are also reportedly in the race f...
- In the era of conscientious capitalism; put green in the cement-mixerTo counter its polluting credentials, Jenisch is not shying away from divesting Holcim's sprawling India operations - along with similar sa...
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