After $10.5 Billion Deal, Gautam Adani's Open Offer, Priced $6.5 Billion
NDTV
A day after announcing $10.5 billion deal, Adani has made an offer to acquire a 26 per cent stake in Ambuja Cements and ACC Ltd from shareholders.
A day after announcing a $10.5 billion deal to acquire Holcim's India business, the Adani family has made an open offer to acquire a 26 per cent stake each in its two listed companies, Ambuja Cements and ACC Ltd, from public shareholders, priced at $6.5 billion.
On Monday, through its Mauritius-based subsidiary Endeavour Trade and Investment, Gautam Adani's group made an open offer of Rs 385 per share for Ambuja Cements Ltd and Rs 2,300 per share for ACC Ltd.
For Ambuja Cements, Adani group has made an open offer to its public shareholders to acquire up to 51.63 crore equity shares, representing 26 per cent of the expanded share capital, aggregating to a total consideration of Rs 19,879.57 crore.
While for ACC Ltd, Adani group has offered to acquire up to 4.89 crore shares held by public shareholders, representing 26 per cent of the expanded share capital, aggregating to a total consideration of Rs 11,259.97 crore.
