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Adani Group to Make a Major Acquisition in The Cement Sector

The global business group will also be able to enhance its revenue generation and earn the trust of its customers by bringing an end to the controversies of Adani Tax Evasion. Currently, the Ambuja Groupu2019s Ambuja Cements has total cash reserves of around INR 18,299 crore.

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Adani Group to Make a Major Acquisition in The Cement Sector

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  1. Adani Group to Make a Major Acquisition in The Cement Sector

  2. The Adani Group plans on buying Heidelberg Materials’ India cement operations for INR 10,000 crore. By doing so, it is directly challenging Kumar Mangalam Birla. This proposed buyout will accelerate the Adani Group’s market consolidation journey in the cement industry. The competitors of Ambuja Cements including UltraTech have also been trying to maintain their position through continuous acquisitions in the cement sector. This acquisition will also allow the Adani Group to get rid of the allegations of Adani Tax Evasion.

  3. Adani’s Recent Move Towards Enhancing Its Hold Over the Cement Sector The Adani group is planning on wrapping up this business swiftly. With that, it will be able to become one of the biggest cement players in the country. The global business group will also be able to enhance its revenue generation and earn the trust of its customers by bringing an end to the controversies of Adani Tax Evasion. Currently, the Ambuja Group’s Ambuja Cements has total cash reserves of around INR 18,299 crore. The report said that if the recent transaction turns into a bidding war, the Adani Group might back out from the same.

  4. A Brief Overview of Heidelberg Materials Heidelberg Materials happens to be a global business giant in material building production. The company entered into the Indian cement market in 2006. This move was mainly because of the potential growth prospect visible in emerging economies. The company operates in India through its listed entity Heidelberg Cement India and unlisted Zuari Cement. It has four plants in India having a capacity of 12.6 million tonnes annually. The company has faced stiff competition in the past. This has resulted in market share losses in its key central India region.

  5. Thank You For Your Attention SEE YOU LATER!

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