NEW DELHI: Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.
In a media statement, Adani group announced the completion of the acquisition of Ambuja Cements and ACC for a total consideration of $6.5 billion which includes the buyout of Swiss major Holcim's state in the two firms and subsequent open offers to minority shareholders.
