The $10.5 billion acquisition of cement major Holcim by Adani Group has more than doubled India Inc's deal value to $19.1 billion in May 2022, with 190 deals. The sale was worth roughly $7.965 billion a year earlier in May.
According to the Grant Thornton Bharat report, the overall transaction value decreased by 59% in May compared to April due to the $40 billion merger agreement between HDFC Bank and HDFC that was struck in April.
Adani Group and Holcim signed a formal deal to buy a 63.11% share in Ambuja Cement, which has a 50.05% holding in ACC, as well as a 4.48% direct investment in the company. The deal should be completed in the second half of 2022.
Contact: Adani Group
Tel: 079-2656 5555
Website: www.adani.com
