HeidelbergCement share price jumps 18% on report Adani Group firm Ambuja Cements eyeing ₹10,000-crore buyout
HeidelbergCement India share price jumped 18% on Monday after a report that Adani Group is in discussions to acquire the company and Zuari Cement from its German parent firm. HeidelbergCement shares spiked as much as 17.95% to ₹257.85 apiece on the BSE.
The volumes traded of Heidelberg Cement India shares also jumped significantly on October 7. Around 1 crore HeidelbergCement shares changed hands on BSE and NSE combined as against its one week average volume of 2 lakh shares.
The billionaire Gautam Adani-led Adani Group has begun discussions for the acquisition of the Indian cement operations of Germany’s Heidelberg Materials, The Economic Times reported, quoting people familiar with the matter.
Adani Group company Ambuja Cements will…
