India’s Adani Builds Cement Empire With $10.5 Billion Deal
Billionaire Gautam
Adani
is betting that India is on the cusp of a multiyear boom in housing and infrastructure construction, striking an up-to-$10.5 billion deal that will turn his conglomerate into the country’s second-largest cement producer.
The businessman’s
Adani Group
512599 2.53%
plans to buy control of two Indian-listed cement companies from Switzerland-based
Holcim Ltd.…