Adani Group has bought these two large cement companies for $ 10.5 billion. The Adani family will invest $ 1.25 to $ 1.5 billion, while the Arab-based investment fund will invest the same. Global banks will invest $ 4.5 billion and other banks will invest in the near future.
Adani Group Head, Asia no. 1 Mr. Gautam Adani has succeeded in launching another huge deal. Adani Group on Sunday said it has bought ACC and Ambuja Cements, which belongs to Holcim Group, for $ 10.5 billion (Rs 81,476 crore).
country’s second largest cement manufacturer
Sajjan Jindal of JSW and Kumar Mangalam Birla of UltraTech, who were eyeing the two cement companies, will be the country’s second largest cement manufacturer in a single month. Together, the two companies have a combined annual production capacity of 66 million tonnes.
Adani Group is the largest acquisition to date with the purchase of Ambuja Cements and ACC. It is the largest purchasing business in the country’s infrastructure and materials sector.
Cement business
“Our move in the cement business is another indicator of our belief in the growth story of our country,” said Adyak Gautam Adani of the Adani Group.
The average per capita consumption of cement globally is 525 kg and India’s cement consumption is currently 242 kg. Thus there is significant potential for growth in the cement sector in India, the press release said.
Ambuja Cements is one of Holcim’s leading companies in India, including ‘Holderind Investment Ltd’. (Holcim) Owns 63.1%. Similarly, Ambuja Cements owns a 100% stake in ACC. Holcim directly owns 50.05%. The stock holds 4.48%. Holcim has sought to merge the operations of both companies. But while the process is still incomplete, the company has sold.
Adani Partnership with Foreign Banks
The Adani family will invest $ 1.25 to $ 1.5 billion (Rs 9,700-1,160 crore) as the company’s owner, with the Arab-based group of investors being negotiated by the Adani family. Together, the two will invest about $ 3 billion.
Global banks will invest $ 4.5 billion. Other banks will also invest in the next few days. The money required for the purchase is the world’s largest. 5 Rich Gautam Adani will be set.
Switzerland-based Holcim merged with French rival Lafarge in 2015. Since then, Holcim Group has restructured its business and sold two of these companies. Gautam Adani Pagi, who is growing day by day in these companies, will become another strong businessman.
Investment tips for beginners know before here
Investment tips for beginners know before here
Investment tips for beginners :Before investing, you should make a habit of reading cash-flow analysis and financial notes in the company’s annual report. More information about the company will be available. Investing is absolutely essential in the digital age. Several platforms have been created for this. There are those who have benefited from the investment…
Continue Reading Investment tips for beginners know before here
How to save money to buy a car?
How to save money to buy a car :Car means one to another. For some, this may be a convenient way to travel, for some it is a symbol of dignity. For others, the car may seem like a comfortable way to take the family out for dinner or a weekend getaway. You may want…
PM Kisan KYC Update Online 2022 last date
PM Kisan KYC Update Online 2022 :Under Prime Minister Kisan Samman’s scheme, e-KYC has been made mandatory for farmers to get up to Rs 6,000 per annum every four months. Complete E KYC is the last day of May 31st. E-KYC is mandatory for the Prime Minister’s Kisan Samman Plan to get Rs.2000. Farmers can…
Koo App Co-founder the Top 100 Global Technology Leader
Koo App Co-founder and CEO of International Nonprofit Journalism Rest of the World (RoW) has been recognized as one of the Top 100 Most Influential Technology Leaders. The Koo platform’s valuable proposition for enabling self-expression in local languages is positively impacting the lives of millions, recognized as an innovative invention that addresses the real global…
Continue Reading Koo App Co-founder the Top 100 Global Technology Leader
Financial planning for education know here all information
Financial planning for education :If you have a desire to study abroad, make a financial plan now and fulfill your dream of reading their children abroad in the future. Otherwise there may be a financial problem to study abroad. If so, how to codify money for reading? See the tooltip. Many have the desire to…
Continue Reading Financial planning for education know here all information
Sensex plunges by 850 points, falls for the sixth consecutive day
The Sensex, which had gained nearly 850 points by midday on Friday afternoon, had subsequently lost nearly 1,000 points. The day’s low was 137 points, with the trading closing at 52,794. Stock market indices declined for the sixth consecutive day on Friday as heavy losses in banking, finance and metal stocks swallowed gains in automobile,…
Continue Reading Sensex plunges by 850 points, falls for the sixth consecutive day
