Adani Group To Pick Up 47% Stake In ITD Cementation
ITD Cementation Soars 20% on Adani Group Stake Buy Reports
Shares of ITD Cementation India Ltd surged 20% after reports suggested Adani Group's potential acquisition of a promoter stake. The company later clarified that there is no conclusion on the proposed divestment.
ITD Cementation surges 18% amid Adani Group's promoter's stake buy buzz
Italian Thai Development Public Company, the Promoter shareholder of the company, informed that they are exploring a potential possible divestment of their investments in ITD Cementation
ITD Cementation shares surge over 15% amid reports that Adani Group leading bid for 46.64% promoter stake
ITD Cementation India's shares surged over 15% amid reports that the Adani Group is poised to acquire a 46.64% stake, potentially valued at ₹5,888.57 crore. The stock has increased by 189% from its 52-week low,
ITD Cementation shares skyrocket over 17% on Adani Group’s acquisition plans
At current market value, a successful deal would be pegged at 5,888.57 crore ($700 million), inclusive of a fully subscribed open offer that will follow a promoter stake purchase.
ITD Cementation Hits Upper Circuit As Reports Say Adani Leads Race To Acquire Stake
Following the news, which is not confirmed by both parties in discussion, shares of ITD Cementation snapped a three-day losing streak.
Adani Group eyes 46.64% stake acquisition in ITD Cementation India
The Adani Group has emerged as the frontrunner to acquire a 46.64 per cent promoter stake in ITD Cementation India, a move that is expected to bolster the infrastructure conglomerate’s in-house civil engineering expertise,
Adani Group leads race for 46.64% of ITD Cementation India in $700-mn deal: Report
An agreement between both parties was reportedly reached earlier this week, with an official announcement expected soon. However, these details have not been independently verified, the report added.
ITD Cementation India Ltd Shares Surge Amid Potential Adani Group Acquisition
Shares of ITD Cementation India Ltd jumped 20% in intra-day trade upon news of a potential acquisition by Adani Group of a 46.64% stake. The BSE and NSE both saw the stock hit the upper circuit limit.
Adani Group To Pick Up 47% Stake In ITD Cementation As It Looks To Supercharge Portfolio: Report
The Adani Group, led by billionaire Gautam Adani, is reportedly planning to acquire a 46.64% stake in ITD Cementation India. What Happened: The Adani Group has emerged as the top contender to acquire the promoter’s stake in ITD Cementation India,
ITD Cementation shares gain 11% on Adani Group acquisition news
ITD Cementation stock jumped after a news report that Adani Group is the frontrunner for buying out the promoters' stake in the firm, including a fully subscribed open offer post acquisition.
cnbctv1810h
Explained — The 20% upper circuit in shares of ITD Cementation
CNBC-TV18 had reported on August 1 that KEC International had emerged as the front-runner to acquire this promoter stake in ...
ITD Cementation shares hit 20% upper circuit; BSE, NSE seek clarification on Adani acquisition
The stock was last seen trading 18.29 per cent higher at Rs 557.55. At this price, it has gained 92.03 per cent on a ...
Adani Group set to acquire 46.64% stake in ITD Cementation India for Rs 5,888.57 crore
The Adani Group is set to acquire a 46.64% stake in ITD Cementation India for Rs 5,888.57 crore to enhance its civil ...
India Infoline7d
ITD Cementation India Ltd Management Discussions
ITD Cementation India Limited (ITD Cem) has been one of Indias premier Engineering and Construction companies for over nine decades, recognised for its competence in executing Heavy Civil and ...