Topics Ambuja Cements | M&A | Deals
Krishna Kant | Mumbai Last Updated at May 4, 2022 16:17 IST
The much-talked-about sale of Ambuja Cement and ACC by Holcim Group will see the single-biggest outflow of foreign capital from the country if the two cement firms are acquired by Indian investors. The deal, valued at nearly $10.35 billion, will put in the shade Cairn Energy Plc’s exit from India in 2010, when it sold Cairn India to Vedanta Group for $4.48 billion.
According to various reports, big business groups such as AV Birla, JSW Group, and Adani Group are in the fray to acquire Holcim’s assets in India. Switzerland-based Holcim Group is expected to get ...
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