Top headlines: JSW Group's $7 bn bid, taxing digital companies, and more

Here are the top headlines on Tuesday

India cement units are cooperating closely with CCI, says Holcim

BS Web Team New Delhi
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

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First Published: May 10 2022 | 7:34 AM IST

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