Prominent business families including the Ambani, Bajaj, Birla & Jindal families were part of the top ten 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses released on Thursday. However, Gautam Adani’s conglomerate was not part of the list. The Mukesh Ambani-led Ambani Family, with a value of Rs 25,75,100 crore topped the list … Read more
Consolidation in the Indian cement industry continues. UltraTech (UCL) has announced further stake acquisition in India Cements (ICL). Last month it had acquired 23% stake in ICL from investor Radhakishan Damani for Rs 1885 cr @ an average price of Rs 277/ share Now it is acquiring further 32.7% stake from the promoters of ICL … Read more
Billionaire Kumar Mangalam Birla‘s Hindalco Industries is considering seeking about $1.2 billion in a planned IPO of US aluminium products maker Novelis, people familiar with the matter said, in what could be one of the year’s biggest share sales. Hindalco may target a valuation of about $18 billion for Atlanta-based Novelis, the people said. The … Read more