Grapevine: Adani eyes another cement maker; SP Group firm raising funding

By Sreeja Biswas

  • 20 Sep 2024
Premium
Gautam Adani, chairman, Adani Group

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 Adani’s civil engineering capabilities, is expected to be announced soon, The Economic Times reported, citing people aware ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.