Adani Group makes USD 3.9 billion open offer for two cement makers

The group, led by Asia’s richest person Gautam Adani, has offered to buy 26% of Ambuja Cements Ltd. for 385 rupees per share and the same share for 2,300 rupees per share in ACC Ltd. Securities Ltd. and Deutsche Bank AG, which advises Adani. The open offer for both cement companies will run from August 26 to September 9, the applications state.

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