Adani Group is in talks to purchase Germany’s Heidelberg Materials' Indian cement operations, The Economic Times reported. The estimated value of the deal is $1.2 billion. and this acquisition is part of Gautam Adani-led conglomerate’s ongoing ...

The Adani Group is in talks to buy the Indian cement operations of Germany's Heidelberg Materials in a deal that could be worth about $1.2 billion, the Economic Times newspaper said on Monday, citing people familiar with the matter.

Dealmaking in India's cement sector is in the spotlight again, after a report said Adani Group is in talks to buy the local operations of Germany's Heidelberg Materials in a deal that could be worth about $1.

Shares of Heidelberg Cement rose 17% on Monday's trading session. What Happened: The Adani Group is said to be negotiating the purchase of Heidelberg’s cement unit in India, as per a report by The Economic Times.