Anti-Trust Body Approves ACC and Ambuja Cements Acquisition by Adani Group

The Competition Commission of India has given its blessing to Endeavour Trade and Investment Ltd to buy a 100 percent stake in Holderind Investments Ltd, Ambuja Cements, and ACC Ltd .

The Competition Commission of India (CCI) has given its blessing to Endeavour Trade and Investment Ltd to buy a 100 percent stake in Holderind Investments Ltd, Ambuja Cements, and ACC Ltd., and to the regulator for further acquisition of a stake in Ambuja Cements, Ambuja Cements, and ACC Ltd.In May, Adani Group announced that it would buy a 50.05 per cent stake in Ambuja Cements, ACC Ltd.