Adani to launch open offer to acquire stake in ACC

23 Aug 2022 CW Team

The Adani Group is expected to launch an open bid of around Rs 310 billion next week to acquire a 26% stake in Swiss firm Holcim's two Indian listed entities, Ambuja Cements and ACC, from public shareholders.

In May of this year, the Adani Group announced an agreement to acquire a controlling share in Holcim Ltd's Indian operations for USD 10.5 billion.

This week, market regulator Sebi approved the open offer. If fully subscribed, the open offer is worth more than Rs 310 billion.

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

As per the revised schedule submitted by ICICI Securities and Deutsche Equities India - which are the managers of the open offer - tendering of the shares in the open will start from August 26 as against the earlier date of July 6. This will end on September 9, 2022.

Also Read:
BGRESL to commence work on Ennore thermal power station project
Rs 900 mn approved from SWAMIH fund for Meerut’s stalled projects

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..