Adani Group To Pick Up 47% Stake In ITD Cementation
Adani Group To Pick Up 47% Stake In ITD Cementation As It Looks To Supercharge Portfolio: Report
The Adani Group, led by billionaire Gautam Adani, is reportedly planning to acquire a 46.64% stake in ITD Cementation India. What Happened: The Adani Group has emerged as the top contender to acquire the promoter’s stake in ITD Cementation India,
Adani Group leads race for 46.64% of ITD Cementation India in $700-mn deal: Report
An agreement between both parties was reportedly reached earlier this week, with an official announcement expected soon. However, these details have not been independently verified, the report added.
ITD Cementation Hits Upper Circuit As Reports Say Adani Leads Race To Acquire Stake
Following the news, which is not confirmed by both parties in discussion, shares of ITD Cementation snapped a three-day losing streak.
Adani Group set to acquire 46.64% stake in ITD Cementation India for Rs 5,888.57 crore
The Adani Group is set to acquire a 46.64% stake in ITD Cementation India for Rs 5,888.57 crore to enhance its civil engineering capabilities. This acquisition will trigger an open offer for an additional 26% stake.
ITD Cementation shares surge over 15% amid reports that Adani Group leading bid for 46.64% promoter stake
ITD Cementation India's shares surged over 15% amid reports that the Adani Group is poised to acquire a 46.64% stake, potentially valued at ₹5,888.57 crore. The stock has increased by 189% from its 52-week low,
Adani Group works on $5-7-billion acquisition blueprint for next 6 months: Report
Despite ongoing investigations by the Securities and Exchange Board of India, the Supreme Court's decision in January to ...
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Indian billionaire Adani is eyeing Kenya’s main airport, and the govt is backing the deal. But are the official talking points factual?
Kenya's main Jomo Kenyatta International Airport, or JKIA, was grounded for a day as aviation workers went on strike. The ...
ITD Cementation shares skyrocket over 17% on Adani Group’s acquisition plans
At current market value, a successful deal would be pegged at 5,888.57 crore ($700 million), inclusive of a fully subscribed ...
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Grapevine: Adani eyes another cement maker; SP Group firm raising funding
Adani Group is close to acquiring a 46.64% stake in ITD Cementation India for Rs 5,889 crore ($700 million), including a mandatory open offer, a media report said. The deal, aimed at strengthening ...
Gautam Adani set to buy this engineering company for Rs…
By this deal Gautam Adani’s group has taken a strategic step to expand its business in India's growing engineering sector.
Adani Group’s bid to buy Reliance Power’s plant near Mumbai gets a fresh boost
Reliance Power's resolution of a loan dispute clears the path for Adani Group to acquire the Butibori thermal power plant, ...
Adani Group Donates Rs 25 Crore For Andhra Pradesh Flood Relief
The Adani Group today donated ₹ 25 crore to support flood relief efforts in Andhra Pradesh. Several parts of the states were ...
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Adani Group Donates ₹ 25 Crore For Andhra Pradesh Flood Relief
The Adani Group announced a donation of ₹25 crore today,  to support flood relief efforts in Andhra Pradesh, which has been ...
Adani Group's expanding global footprint in the power sector
Conglomerate is in talks to sign a $1.3 billion deal for the construction of three power lines in Kenya. This will be the ...