Tag: RIL @ IN

Asia’s Two Richest Men Reap Windfall From Surging Oil, Coal

Though Adani, 59, and Ambani, 65, have unveiled a combined $ 142 billion in green investments over the next few decades in a pivot away from coal and oil – the bedrock of their empires – they are also finding it hard to kick the fossil-fuel habit as the conflict stokes demand. Global coal demand…

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Holcim Sells India Arm to Billionaire Adani in $ 10 Billion Deal

The Swiss company will sell its 63.1% stake in Mumbai-listed Ambuja Cements Ltd. to Adani Group in a deal valuing the business at nearly $ 10 billion, according to a statement Sunday. Adani will inherit Ambuja’s controlling stake in another publicly traded cement producer, ACC Ltd., and buy Holcim’s direct 4.5% holding in the unit,…

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Boots Suitors Get More Time to Bid for £ 7 Billion Pharmacy Chain

The company plans to allow suitors a few extra days to firm up their bids, the people said, asking not to be identified because the information is private. Walgreens had initially requested binding offers by May 16 for the business, which includes the Boots chain in the UK, but is now expected to receive proposals…

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