TIMELINE-Major deals in India's cement sector since Adani Group's entry in 2022Dealmaking in India's cement sector has intensified. Adani Group is reportedly in talks to buy Heidelberg Materials’ local operations for a...
World’s biggest cement producers bet on green alternativeHolcim AG and CRH PLC are investing $75 million in Sublime Systems, a startup working to decarbonize cement production. Sublime's electroch...
View: Why Adani’s grip on banks is tighter than his hold on marketsDespite facing challenges such as a share sale failure and allegations of currying favors from opposition politicians, tycoon Gautam Adani ...
Adani lenders weigh up to $750 million loan for Ambuja debtBarclays Plc, Deutsche Bank AG and Standard Chartered Plc are in talks to lend between $600 million and $750 million collectively to Adani ...
Adani Group in talks for first major debt refinancing after HindenburgAdani Group is in talks with several lenders, including global banks, to refinance a loan facility of up to $3.8bn it had taken for its Amb...
Adani in talks for first major debt refinancing after HindenburgThe ports-to-power conglomerate owned by Indian tycoon Gautam Adani is mulling whether to convert the original loan into debt with a longer...
Tesla scales back German battery plans, won over by US incentivesThe US electric-vehicle maker is also preparing to produce cell components such as electrodes, some of which will be sent from its site in ...
Adani pledges stake worth $13 billion in newly acquired ACC, Ambuja CementsStakes in two of those companies -- about 57% of ACC Ltd. and 63% in Ambuja Cements Ltd. -- have been encumbered “for the benefit of certai...
Asia’s richest man Gautam Adani is searching for new group M&A chiefVinod Bahety, who’s been helming Adani Enterprises Ltd.’s M&A activity, will move to a new business vertical and a formal announcement coul...
Adani gets Sebi nod for ACC and Ambuja Cements open offersThe group, led by Asia’s richest person Gautam Adani, is set to make an offer to buy 26% of Ambuja Cements Ltd. for Rs 385 per share and th...
Gautam Adani is spoiling for an epic war with Kumar Mangalam BirlaThe Holcim deal, India’s largest-ever M&A transaction in the infrastructure and materials space, pits Adani in a race with Kumar Mangalam B...
Rupee slides to new low 77.80/$, RBI steps in to erase lossesThe expectation of dollar outflows due to Holcim Group’s sale of its India cement business is also said to have added to the rupee’s rout.
Adani to become India's No. 2 cement maker with $10.5 billion Holcim dealAdani Group, owned by billionaire Gautam Adani, currently has no cement-making operations but said the firms were a good fit given its port...
Looking at 10 acquisition targets, Holcim CEO says after Adani dealHolcim is examining 10 acquisitions with the ability to buy large and small companies, Chief Executive Jan Jenisch said on Monday, after th...
View: Global giants like Holcim deserting emerging markets to hit green goals isn't going to help the worldIt would seem an odd time, therefore, for a major cement company to abandon the giant country. Yet that’s apparently what Holcim AG of Swit...
LafargeHolcim to benefit from government's infra spending: Moody'sIndia's Budget for 2016-17 includes plans to hike public infrastructure spending, especially on roads, which could revive the stagnant ceme...
Aditya Birla Group bids for Lafarge, Holcim unitsThe Kumar Mangalam Birla headed group submitted bids on Monday to purchase global assets likely to be carved out of the merger between ceme...