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 eyes 46.64% stake acquisition in ITD Cementation India
The Adani Group has emerged as the frontrunner to acquire a 46.64 per cent promoter stake in ITD Cementation India, a move that is expected to bolster the infrastructure conglomerate’s in-house civil engineering expertise,
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.
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 surges 18% amid Adani Group's promoter's stake buy buzz
Italian Thai Development Public Company, the Promoter shareholder of the company, informed that they are exploring a potential possible divestment of their investments in ITD Cementation
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,
Hosted on MSN2m
Gautam Adani set to buy this engineering company for Rs...
The Adani Group, led by Gautam Adani, is continuing its rapid expansion and now plans one more mega acquisition. The ...
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 ...
Adani Group donates Rs 25 cr for AP flood relief
Vijayawada: The Adani Group on Thursday announced it is donating Rs 25 crore towards the relief efforts in Andhra Pradesh, ...
VCCircle9h
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 ...
The Africa Report3h
Kenya may face steep price in KETRACO’s proposed deal with India’s Adani
KETRACO is under pressure to avoid locking in high borrowing and passing them on to Kenya electricity consumers.
Adani Group Announces Rs. 25 Crore Aid for Flood-Hit Andhra Pradesh
The Adani Group has stepped in to assist Andhra Pradesh, which has been severely affected by recent torrential rains and ...
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 ...
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, ...