Gautam Adani: Adani will acquire the assets of Holcim India for $10.5 billion. business – Times of India Videos

Asia’s richest man Gautam Adani’s conglomerate is set to acquire a controlling stake in Holcim Ltd’s business in India for USD 10.5 billion, marking the port-to-energy conglomerate’s entry into the cement sector. Adani Group will acquire 63.1 per cent of Ambuja Cements Ltd along with related assets. Ambuja’s local subsidiaries include ACC Limited, which is also publicly traded.