Heidelberg Cement India stock hits 52-week high amid Adani Group buyout talks
- Posted on October 7, 2024
- By Business News Today
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Heidelberg Cement India stock hits 52-week high amid Adani Group buyout talks
HeidelbergCement shares jumped 18% to a new 52-week high of Rs 257.85 on the BSE following reports that the Adani Group is in talks to acquire its Indian cement operations. The buyout, led by Ambuja Cements, is estimated to be valued at around $1.2 billion (Rs 10,000 crore).
