ITD Cementation: What's The Rational Behind Selling The Stake To Adani Group? | Prasad Patwardhan

Описание: Adani Group's Renew Exim plans to acquire a stake in ITD Cementation from Italian Thai Development at ₹400 per share. The estimated value of the Adani-ITD Cementation deal is ₹3,205 crore. Additionally, the Adani Group aims to make an open offer for 26% of the shares. The promoters of Adani Group will purchase a discounted 46.64% stake in ITD Cementation from the promoters at Rs 400 per share, which is 25% lower than the current market price.

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