Wednesday, July 30, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Investment: CCI approves Adani Group’s stake in Indian cement producer

Fiinews by Fiinews
August 14, 2022
in Investment
Reading Time: 1 min read
A A
0
Ambuja Cement.
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Endeavour takes 4.48% in ACC and 63.11% in Ambuja Cement

The Competition Commission of India (CCI) has approved on 13 Aug 2022 acquisition of the stake in Holderind Investments Limited, Ambuja Cements Limited and ACC Limited by Mauritius-based Endeavour Trade and Investment Limited of Adani Group.

Endeavour had signed agreement to acquire 4.48% stake in ACC Limited (NSEI: ACC) from Holcim Ltd (SWX: HOLN) for Rs.19.3 billion on 15 May 2022.

Endeavour had also signed agreement to acquire 63.11% stake in Ambuja Cements Limited (BSE:500425) from Holderind Investments Ltd on 15 May 2022.

The proposed combination envisages acquisition of the entire share capital of Holderind Investments Limited by Endeavour.

Holderind holds 63.11% of equity share capital of Ambuja Cements Limited (Ambuja) and 4.48% of the equity share capital of ACC Limited (ACC).

Further, Ambuja holds 50.05% of the paidup equity share capital of ACC.

In terms of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Endeavour is required to launch an open offer for further acquisition of up to 26% of the expanded share capital of each of Ambuja and ACC.

Holderind is a holding company of Ambuja and ACC, manufacturers of cement in India. fiinews.com

Tags: Adani GroupCCI
ShareTweetShare

Related Posts

Sidbi
Investment

Invest: 3 flagship funding schemes launched

by Fiinews
July 27, 2025
0
14

Minister updates Rajya Sabha on FFS, SISFS and CGSS The Government is implementing three flagship Schemes, namely, Fund of Funds...

Netrasemi
Investment

Netrasemi gets VC investments of ₹107 cr

by Fiinews
July 25, 2025
0
14

Invest: Netrasemi raised Rs.107cr from making chips Netrasemi, a startup supported under the government’s chip design scheme, has received Venture...

Adia

Invest: ADIA takes stake in expansion-mode Meril

July 22, 2025
19
SRM University-AP, Amaravati.

Invest: CM highlights green hydrogen prospects

July 22, 2025
22
QpiAI

Invest: NQM backs QpiAI in $32m Series A

July 18, 2025
15
Jupiter Wagons

Invest: Jupiter commits Rs.3,000cr to rail projects

July 15, 2025
17
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: SSVM to host conclave in Coimbatore
  • Project: RIL-ONGC-BP explore GS-OSHP-2022/2
  • Project: Rs.16,300cr allocated to Critical Mineral Mission
  • Manufacturing: DPIIT-Ather collaborate for EV growth
  • Market: Nedia-Birla to work across Americas

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.