Adani Group in talks to acquire additional stake in ACC, Ambuja

29 Aug 2022 CW Team

Adani Group launched its Rs 31,000-crore open offer to acquire 26% additional stake from the public shareholders of Swiss firm Holcim’s two Indian listed entities ACC and Ambuja Cements. In May this year, the Adani Group had announced that it had clinched a deal to acquire a controlling stake in Holcim’s businesses in India for $10.5 billion.

Markets regulator Sebi granted approval for the open offer last week. The open offer is estimated at over Rs 31,000 crore if fully subscribed.

In two separate regulatory filings, Ambuja Cements and ACC have submitted their letter of offers for the open offer, launched by the Adani family group's Mauritius-based firm Endeavour Trade and Investment.

Infrastructure Transport

29 Oct 2025

Taking Flight!

When Prime Minister Narendra Modi inaugurated the Navi Mumbai International Airport (NMIA) on October 8, 2025, it marked far more than the opening of another terminal – it signified a turning point in India’s aviation and infrastructure narrative. Developed by Adani Airport Holdings Ltd (AAHL) in partnership with the City and Industrial Development Corporation (CIDCO), NMIA represents a bold vision of how modern India intends to connect its people, power its economy and project its identity on the global stage.“The Navi Mumbai International Airport is a project that exemplifies the visio..

Highway Guidelines 2.0

In August 2025, a Public Accounts Committee comprising members of the Lok Sabha and Rajya Sabha presented a report, ‘Levy and Regulation of Fees, Tariffs, User Charges etc on Public Infrastructure and Other Public Utilities in the context of the Ministry of Road Transport and Highways (MoRTH) and the National Highways Authority of India (NHAI).Having examined present design accountability, subcontracting, pavement failures, emergency response mechanisms, toll reforms, service quality, stakeholder consultations and other aspects, the Committee presented recommendations covering the planning a..

Railways approves major upgrade for Telangana traction lines

The Ministry of Railways has approved the upgradation of the electric traction system in two crucial railway sections — Medchal–Mudkhed (225 km) and Mahbubnagar–Dhone (184 km). The projects, costing Rs 1.93 billion and Rs 1.23 billion respectively, will enhance the electric traction capacity from 1X25 KV to 2X25 KV. The work includes modifications to circuit breakers and switching stations, along with the installation of additional conductors. These routes serve as vital links between Northern and Southern India via Hyderabad. Once completed, the upgraded system will reduce voltage dro..