<p>Shares of ACC and Ambuja Cements were in huge demand on Monday after Gautam Adani's group clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for $10.5 billion.</p>.<p>The stock of ACC rallied 7.79 per cent to Rs 2,288.15 on the BSE.</p>.<p>Shares of Ambuja Cements gained 4.13 per cent to Rs 373.65.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/adani-to-acquire-holcim-india-assets-for-105-billion-1109517.html" target="_blank">Adani to acquire Holcim India assets for $10.5 billion</a></strong></p>.<p>Gautam Adani's group on Sunday said it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for $10.5 billion, marking the ports-to-energy conglomerate's entry into the cement sector.</p>.<p>The Adani Group will acquire 63.1 per cent of Ambuja Cements Ltd along with related assets. Ambuja's local subsidiaries include ACC Ltd, which is also publicly traded.</p>.<p>"The Adani Family, through an offshore special purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd's entire stake in two of India's leading cement companies - Ambuja Cements Ltd and ACC Ltd," the group said in a statement.</p>.<p>Holcim, through its subsidiaries, holds 63.19 per cent in Ambuja Cements and 54.53 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements).</p>.<p>"The value for the Holcim stake and open offer consideration for Ambuja Cements and ACC is $10.5 billion, which makes this the largest-ever acquisition by Adani, and India's largest-ever M&A transaction in the infrastructure and materials space," the statement said. </p>
<p>Shares of ACC and Ambuja Cements were in huge demand on Monday after Gautam Adani's group clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for $10.5 billion.</p>.<p>The stock of ACC rallied 7.79 per cent to Rs 2,288.15 on the BSE.</p>.<p>Shares of Ambuja Cements gained 4.13 per cent to Rs 373.65.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/adani-to-acquire-holcim-india-assets-for-105-billion-1109517.html" target="_blank">Adani to acquire Holcim India assets for $10.5 billion</a></strong></p>.<p>Gautam Adani's group on Sunday said it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for $10.5 billion, marking the ports-to-energy conglomerate's entry into the cement sector.</p>.<p>The Adani Group will acquire 63.1 per cent of Ambuja Cements Ltd along with related assets. Ambuja's local subsidiaries include ACC Ltd, which is also publicly traded.</p>.<p>"The Adani Family, through an offshore special purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd's entire stake in two of India's leading cement companies - Ambuja Cements Ltd and ACC Ltd," the group said in a statement.</p>.<p>Holcim, through its subsidiaries, holds 63.19 per cent in Ambuja Cements and 54.53 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements).</p>.<p>"The value for the Holcim stake and open offer consideration for Ambuja Cements and ACC is $10.5 billion, which makes this the largest-ever acquisition by Adani, and India's largest-ever M&A transaction in the infrastructure and materials space," the statement said. </p>