Page 3 - Ambuja Cements

Stocks to watch: L&T, Adani Power, Ambuja Cements, LIC, Paytm, JSW Steel

Stocks to watch today: L&T commissioned a new green hydrogen plant at Hazira in Gujarat; Future Enterprises defaults on payments of interest of two non-convertible debentures (NCDs) of Rs 12.6 crore.

Adani to launch open offer to acquire stake in ACC, Ambuja Cement on Aug 26

The Adani Group is likely to launch next week an open offer worth Rs 31,000 crore to acquire 26 per cent stake each in Swiss firm Holcim's two Indian listed entities Ambuja Cements and ACC, from public shareholders. In May this year, the Adani Group announced that it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 billion. Markets regulator Sebi granted approval for the open offer this week. The open offer is estimated at over Rs 31,000 crore if fully subscribed. In two separate regulatory filings, Ambuja Cements and ACC have submitted their letter of offers 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 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. In Ma

Ambuja Cements surges 10% in one week; stock inches towards 52-week high

Last week, the Competition Commission of India (CCI) approved Adani Group's acquisition of Ambuja Cements and ACC from Switzerland's Holcim.

CCI clears acquisition of Holcim's stake in ACC, Ambuja by Adani Group

The proposed combination involves acquisition of 100 per cent stake in Holderind Investments Ltd by Endeavour Trade and Investment Ltd.

Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%

CLOSING BELL: M&M (up 6 per cent) was the top Sensex gainer, followed by RIL, Maruti Suzuki, Bharti Airtel, Power Grid, Kotak Bank, Ultratech Cement, ITC, NTPC, SBI, Axis Bank, and Titan

Ambuja Cements Q1 net profit falls 14% to Rs 752 crore, sales up 15%

Consolidated net sales rose 15.1 per cent to Rs 7,943 crore in the April-June period versus the same period last year

Ambuja Cements Q2CY22 net profit falls 26% to Rs 865 cr; revenue up 15%

Ambuja Cements' sales volume was up 15% in April-June quarter at 7.39 MTPA from 6.42 MTPA of the corresponding quarter

Stocks to Watch Today: IndusInd Bank, Delhivery, Websol, BoM, Alok Inds

Stocks to Watch Today: Ambuja Cements, AU SFB, Alok Textiles, Hindustan Unilever, HDFC Life, ICICI Lombard, L&T Finance and Rallis India to announce Q1 results on Tuesday.

Ambuja Cement Q2CY22 results: A look at figures for the last four quarters

This will be the first result announcement by the company since it was acquired by the Adani group in May 2022

UltraTech expansion plans suggest higher competition likely in cement biz

Other key players have also announced plans to significantly raise capacities

Billionaires Adani, Ambani at a turning point in their rivalry in India

While both would like markets to reward them for scripting India's future in renewable energy, what's ticking for them right now is all the polluting stuff in short supply

Adani-Holcim deal: Open offers for Ambuja Cements and ACC from July 6

The acquisition will make the Adani family the second biggest cement maker in India after Ultratech

Top headlines: Weakening rupee, LIC may exit Ambuja Cements, ACC and more

Business Standard brings you top headlines on Wednesday

Adani-Holcim deal: LIC may exit Ambuja Cements, ACC via open offer

Insurer owns shares aggregating Rs 7,000 crore

Adani-Holcim deal: Analysts expect Ambuja and ACC to merge in medium-term

Adani-Holcim deal: The merger of Ambuja Cement and ACC will help Adani Group rationalise a lot of fixed cost quotients at both these entities, analysts said

What UltraTech and JSW Cement plan to do after losing Holcim deal to Adani

Speeding up capacity expansion would be top focus area, said analysts

Cementing growth

Adani Group is increasing its stake in the India story

After $10.5-bn deal, Adani makes open offer for Ambuja and ACC stake

On a combined basis, this would be among the largest open offers in the history of India's capital markets

Sensex snaps 6-day losing run, ends 180 pts up; DMart rallies 10%, ACC 4%

NTPC, Bajaj Finance, Maruti Suzuki, SBI, HDFC, Kotak Bank, M&M, and IndusInd Bank were the top gainers on the Sensex index

Ambuja, ACC gain up to 8% on Adani Group's buyout of Holcims's India biz

The Adani Group announced the acquisition of Swiss cement major Holcim's stake in all its Indian operating entities for $10.5 billion (around Rs 81,361 crore), including the open offers.