Adani to become India's second-biggest cement maker with $10.5b Holcim deal

Adani to become India's second-biggest cement maker with $10.5b Holcim deal

FILE PHOTO: The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave

India’s Adani Group acquired a controlling stake in Holcim AG’s cement businesses in India in a $10.5 billion deal to become the second biggest cement producer in the country, Adani Group said in a statement on Sunday.

Adani groupHolcim AG

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