Business

India’s Adani Builds Cement Empire With $10.5 Billion Deal



Billionaire Gautam Adani is betting that India is on the cusp of a multiyear growth in housing and infrastructure development, putting an up-to-$10.5 billion deal that may flip his conglomerate into the nation’s second-largest cement producer.

The businessman’s Adani Group plans to purchase management of two Indian-listed cement firms from Switzerland-based Holcim and can also be providing to purchase inventory in each targets from different shareholders, by means of what is called an open provide.



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