InvestorQ : What is the size of the open offer than Adani is making for ACC and Ambuja?
Debbie Mascarenhas made post

What is the size of the open offer than Adani is making for ACC and Ambuja?

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Arti Chavan answered.
2 months ago
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Adani group will spend nearly Rs31,000 crore as it makes an open offer for 26% additional stake in ACC Ltd and Ambuja Cements. This was statutorily necessitated after Adani bought out the stake in ACC and Ambuja from Holcim. The total deal was worth $10.5 billion (including the open offer). Then tendering of shares began on 26th August and will close on 09th September 2022. Adani is making an open offer for ACC at Rs2,300 per share and for Ambuja Cements at Rs385 per share. Adani wants to acquire 51.63 crore shares of Ambuja and 4.89 crore shares of ACC via open offer.

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