You are here: Home » Markets ┬╗ News
High EU gas costs, an opportunity for Indian chemical companies
icon-arrow-left
Equity fund inflows dip to 10-month low in August, shows AMFI data
Business Standard

Ambuja Cements and ACC stocks close much above the offer prices

The shares of Ambuja Cement closed at Rs 453 a share -- far above the open offer price of Rs 385 a share -- making the offer unattractive for its shareholders.

Topics
Ambuja Cement | ACC Cement | Adani Group

Dev Chatterjee  |  Mumbai 



Ambuja Cements
The mandatory open offers in cash were made after the Adani family acquired a 63 per cent stake in Ambuja Cements from Swiss cement major, Holcim.

The Adani family’s open offers to acquire an additional 26 per cent stake in Ambuja Cements and ACC closed on Friday. The mandatory open offers in cash were made after the Adani family acquired a 63 per cent stake in Ambuja Cements from Swiss cement major, Holcim.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Fri, September 09 2022. 21:06 IST

RECOMMENDED FOR YOU

.