Adani Group to acquire 46.64% stake in ITD Cementation India for Rs 5,888 crore, – Homevior
Representative image The Adani Group has emerged as frontrunner in the race to acquire the promoter’s 46.64% stake in ITD Cementation India to bolster its in-house civil engineering capabilities, said people aware of the matter. At current market value, a successful deal would be pegged at 5,888.57 crore ($700 million), inclusive of a fully subscribed …