💨 Abstract

The Adani Group is reportedly in talks to acquire Heidelberg Materials' Indian cement operations for approximately $1.2 billion. Led by billionaire Gautam Adani, the Adani Group entered India's cement industry in 2022 and has since made several acquisitions to compete with top producer UltraTech Cement. Heidelberg Materials declined to comment, and the Adani Group did not immediately respond to requests for comment.

Courtesy: theprint.in

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