India: The Adani Group is likely to launch an US$3.8bn open offer to acquire a 26% stake in each of Holcim s two Indian listed entities, Ambuja Cements and ACC, from public shareholders. The group announced that it had clinched a deal to acquire a controlling stake in the businesses for US$10.5bn in May 2022. As per the revised schedule submitted by ICICI Securities and Deutsche Equities India, the managers of the open offer, tendering of the shares in the open will start from 26 August 2022 and end on 9 September 2022. /Global Cement