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Gautam Adani's Bold Rs 10,000 Crore Move to Acquire Heidelberg Cement India

Gautam Adani's Bold Rs 10,000 Crore Move to Acquire Heidelberg Cement India

Gautam Adani, chairman of Adani Group, is in early talks to acquire the Indian operations of Germany's Heidelberg Materials for Rs 10,000 crore ($1.2 billion).

The deal, led by Adani's Ambuja Cements, is expected to boost market consolidation in India's cement industry. This move is seen as a challenge to UltraTech Cement, owned by Kumar Mangalam Birla, which has been aggressively expanding through acquisitions

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