Adani Is Said to Near $10 Billion Deal for Holcim India Business

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Billionaire Gautam Adani’s conglomerate is nearing a deal to acquire a controlling stake in Holcim Ltd.’s businesses in India, according to people familiar with the matter, giving Asia’s richest person a foothold in the subcontinent’s fragmented cement sector.

The Adani Group is hammering out the final details of a $10 billion deal for 63.1% of Ambuja Cements Ltd. along with related assets, the people said, asking not to be identified discussing confidential information. A transaction could be announced in the coming days, they said.

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