Adani Group launches ₹31,000 crore open offer for ACC and Ambuja Cements

August 27, 2022 09:45 AM

Adani Group on Friday launched an open offer to acquire 26% stake each in ACC and Ambuja Cements from public shareholders.

The offer was approved by the SEBI recently and is estimated at over ₹31,000 crore, if fully subscribed.

Earlier in May, Adani Group reached a deal with Holcim to acquire the Switzerland-based company's stake in Ambuja Cements and ACC.

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