Adani Group in Talks to Acquire Heidelberg's India Cement Unit

• Adani Group is reportedly in talks to acquire the Indian cement operations of Germany's Heidelberg Materials.
• The deal, led by Ambuja Cements, could be worth around $1.2 billion.
• This move could further consolidate the cement industry in India.
• Adani Group had previously entered the sector by acquiring Holcim's India operations in 2022.
• The German company operates in India through HeidelbergCement India and Zuari Cement.

Source: Economic Times