Adani Group to Acquire Holcim’s India Business

Adani Group to Acquire Holcim’s India Business

ZUG, Switzerland–(BUSINESS WIRE)–Regulatory News: Holcim (Paris:HOLN) has signed a binding agreement for the Adani Group to acquire its business in India, comprising its 63.11% stake in Ambuja Cement, which owns a 50.05% interest in ACC, as well as its 4.48% direct stake in ACC. The corresponding offer share prices of INR 385 for Ambuja Cement […]

Indian Commodity Exchange ceases to be recognised bourse: Sebi

Indian Commodity Exchange ceases to be recognised bourse: Sebi

Capital markets regulator Sebi on Tuesday derecognised Indian Commodity Exchange Ltd saying the bourse does not have sufficient number of experienced staff and requisite financial capacity. Consequently, “ICEX shall cease to be a recognised stock exchange,” Sebi said in an order. ICEX (Indian Commodity Exchange) was recognised as an exchange under forward contracts through a […]