The Adani family announced in a statement on Friday that the acquisition of Ambuja Cements Ltd. and ACC Ltd., which involved the purchase of Holcim’s share in Ambuja and ACC along with an open offer in both firms in accordance with Sebi laws, had been successfully completed.
The deal was initially disclosed in May.
The statement added that the $6.5 billion valuation of the Holcim interest and open offer consideration for Ambuja Cements and ACC makes this the largest acquisition by Adani and the largest M&A deal in India’s history in the infrastructure and materials sector.
Adani will possess 63.15% of Ambuja Cements after the purchase and 56.69% of ACC.
