 "Top headlines: JSW Group's $7 bn bid, taxing digital companies, and more")
JSW Group to make $7 bn bid for Holcim's India cement business: Report
Indian metals-to-cement conglomerate JSW Group will make a $7 billion bid for Holcim AG's Indian subsidiaries Ambuja Cements Ltd and ACC Ltd, the Financial Times reported on Tuesday.
The company will offer $4.5 billion in its own equity and $2.5 billion from undisclosed private equity partners for the bid, JSW Group Chairman Sajjan Jindal told the newspaper, adding that it will acquire 63% stake in Ambuja Cements. Read more here
