Renew Exim DMCC acquires 72.64% stake in ITD Cementation, boosting Adani’s infrastructure ambitions

The Competition Commission of India (CCI) has approved Adani Group’s acquisition of a majority stake in ITD Cementation India. The acquisition, valued at INR 1,000 crore, will help Adani Group expand its presence in the construction and infrastructure sector. ITD Cementation, a leading player in India’s civil engineering and construction industry, will benefit from the resources and expertise of the Adani Group. The CCI’s approval marks a significant milestone in the deal, which is expected to enhance Adani Group’s capabilities and strengthen its position in the growing infrastructure sector.