Gautam Adani New Deal: Gautam Adani’s master stroke, bought 100% stake in this cement company.
Gautam Adani New Deal: The 12 months 2024 could be very particular for Gautam Adani. On one hand, he has bought an enormous aid from the Supreme Court docket within the Hindenburg case. However, Adani Group firm ACC has bought the remaining 55 p.c stake in Asian Concretes and Cements from the present promoters. This deal has been performed at an enterprise worth of Rs 775 crore. With this it has now turn out to be its full subsidiary unit. ACC Ltd., a subsidiary of Ambuja Cements. Adani is a cement unit. Until now, ACC owned Asian Concretes & Cements Pvt. Ltd. Had 45 p.c stake in (ACCPL). ACC stated within the assertion that the corporate has efficiently acquired 55 p.c stake in ACCPL. This acquisition has been performed from the promoters at an enterprise worth of Rs 775 crore. With this, the complete stake in ACCPL has come to the corporate. The enterprise worth consists of money and money equivalents of Rs 35 crore.
Gautam Adani Networth: Gautam Adani once more turns into Asia’s richest particular person, leaves Mukesh Ambani behind, his web price is that this a lot
ACCPL has a unit with annual capability of Rs 13 lakh in Nalagarh, Himachal Pradesh. Its subsidiary Asian Positive Cements Pvt. Ltd. It has a unit with 15 lakh tonne annual capability in Rajpura, Punjab. ACC stated the acquisition was financed from inner accruals. It will assist ACC and its mum or dad firm Ambuja to additional strengthen their place out there. With this acquisition, ACC’s cement manufacturing capability has elevated to 38.5 million tonnes. On the identical time, the capability of Adani Cement with mum or dad firm Ambuja Cement has reached 7.61 crore tonnes.
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