Adani group launched Rs 31,000-crore open offer on Friday to acquire 26 per cent additional stakes from the public shareholders of ACC and Ambuja Cements, closely following its acquisition of Swiss firm Holcim’s stakes in the two cement firms. Adani group has offered to buy 26 per cent of Ambuja Cements stake for Rs 385 per share and the same stake for Rs 2,300 per share of ACC. Capital markets regulator Securities and Exchange Board of India (SEBI) gave approval to the open offer last week. The open offer is estimated at over Rs 31,000 crore if fully subscribed. Earlier …
