iconiifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Adani Group receives modest response for ACC and Ambuja Cement open offer

9 Sept 2022 , 07:27 AM

According to the shares tendered yesterday, Adani Group will have to shell out Rs604 crore for the open offers from the Rs31,140-crore they had set aside.
Adani Group's launch of Rs31,000 crore open offer for acquisition of 26% stake in ACC and Ambuja Cement have received modest response from investors so far. The open offer by the Gautam Adani-owned conglomerate to buy 26% of public shareholders in the two cement makers, was started on August 26 and will close on September 9 i.e. on Friday.
Out of the 4.9 crore ACC shares that the Adani Group offered to buy, 25.31 lakh shares were tendered as on Thursday. This amounts to 5.17% of the shares that it is prepared to buy. For Ambuja Cement, 5.66 lakh shares, or 0.11% of the company's shares, were tendered as on September 8.
According to the shares tendered yesterday, Adani Group will have to shell out Rs604 crore for the open offers from the Rs31,140-crore they had set aside.
The group offered to buy 26% of Ambuja Cement for Rs385 per share. Shares of Ambuja Cement ended at Rs461.75 on Thursday, a 20.13% premium to the offer price.
In the case of ACC, the offer price is Rs2,300 per share. ACC shares closed at Rs2,420, a 5.3% premium to the offer price.
Brokers see the chances of more participation in the ACC open offer on the last day because of the premium to the offer price.

At around 12:51 PM, Adani Enterprises Ltd is currently trading at Rs3,455.20 per share down by Rs6.75 or 0.19% from its previous closing of Rs3,461.95 per share on the BSE.

Further, ACC was trading at Rs2,418.30 per share down by Rs2 or 0.08% while Ambuja Cements was trading at Rs465.55 per share up by Rs3.8 or 0.82% on the BSE. 

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • ACC
  • acquisition
  • Adani Enterprises
  • Adani Enterprises Ltd
  • Adani Enterprises Ltd market
  • Adani Enterprises Ltd news
  • Adani Enterprises Ltd open offer
sidebar mobile


19 Feb 2024   |   03:59 AM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.