Tag Adani Group

India’s Adani Group is highest bidder for Jaypee

Jaypee CCF

India’s Adani Group has emerged as the highest bidder in the race to acquire engineering and construction company Jaiprakash Associates (Jaypee), which is currently undergoing insolvency proceedings (we reported here 24. July 2024). According to industry sources, the bid stands…

India’s Adani Group buys Penna Cement

Penna IntegratedPlant 1

India’s Adani Group will acquire Penna Cement for Rs 10,422 crore. The deal includes the purchase of 100% shares of Penna Cement Industries Ltd (PCIL) from its current owners, P Pratap Reddy and family. PCIL has an operational cement production…

India’s ACC bought remaining 55% stake in ACCPL

ACCPL Navagarh

India’s ACC Limited, which belongs to the Adani Group, acquired the final 55% stake in Asian Concretes and Cements Private Ltd. (ACCPL, former ACL) at an Enterprise Value (EV) of Rs. 7.75 bn (US$ 93.2m) resulting in the entire ownership…