ITD Cementation shares tumble nearly 8% as Adani Group looks to acquire 73% stake in co

October 28, 2024

Shares of ITD Cementation fell 7.7% after Adani Group announced plans to acquire a 73% stake for Rs 5,759 crore. An open offer will follow to buy an additional 26%. This acquisition will enhance Adani’s EPC capabilities, marking its 12th acquisition this year.

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