Adani Group said to get nod for $3.8 billion open offer for Ambuja, ACC
The group, led by Asia’s richest person Gautam Adani, is set to make an offer to buy 26% of Ambuja Cements Ltd. for Rs 385 per share and the same stake for Rs 2,300 per share of ACC Ltd. after getting a nod from Securities & Exchange Board of India, said people familiar with the development, who did not want to be identified as the information is not public.
