With this purchase, the group aims to leverage its capital expenditure (capex) along with India's infrastructure spending, sources said.
ITD Cementation India will support the execution of Adani Group's planned ₹1.5 trillion capex and take on key infrastructure projects for the government and private entities, according to a source.
On Saturday, ITD Cementation announced that Adani Group's Dubai-based firm, Renew Exim DMCC, has entered into an agreement to acquire a 46.64 per cent stake in the company from its promoters for ₹3,204 crore. This will trigger an open offer, in line with market regulatory requirements.
هذه القصة مأخوذة من طبعة October 28, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 28, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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