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.
Denne historien er fra October 28, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra October 28, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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