Adani-Holcim Deal Tax Update
Published on May 22, 2022
On 15th May 2022 Holcim Group, the world’s largest cement maker, announces its exit from India after 17 years of functioning in India. Holcim announces its exit by transferring its entire stake from Ambuja cement and ACC cement (both listed companies) to the Adani Group of India for around $10.5bn (INR 81,361cr.). Making this India’s largest-ever M&A transaction in infrastructure & material space. Also, this transaction will be the largest-ever acquisition by the Adani group.
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