India’s Adani Builds Cement Empire With $10.5 Billion Deal

Billionaire Gautam Adani is betting that India is on the cusp of a multi-year boom in housing and infrastructure construction, striking a deal of up to $10.5 billion that will make his conglomerate a powerhouse. the country’s second largest cement producer.

Businessman’s Adani Group plan to buy control of two listed Indian cement companies from Switzerland Holcim and is also offering shares in both objectives from other shareholders, through what is known as an open offering.

https://www.wsj.com/articles/indias-adani-builds-cement-empire-with-10-5-billion-deal-11652694066?mod=pls_whats_news_us_business_f India’s Adani Builds Cement Empire With $10.5 Billion Deal

Edmund DeMarche

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