HeidelbergCement India has responded to reports claiming the Adani Group is in talks with Germany’s Heidelberg Materials to acquire its Indian cement operations. The company denied having knowledge of the deal and stated it does not comment on market speculation.
The firm confirms its commitment to providing all material information in accordance with SEBI regulations
In the exchange filing, HeidelbergCement India shared, ‘‘This has reference to your letter no. L/SURV/ONL/RV/AA/ (2024-2025)/ 63 received vide e-mail dated 07 October 2024, seeking clarification on the news item captioned ‘‘Ambuja Cements stock gains 1%, Heidelberg Cement India jumps 13% as Adani eyes Rs 10,000-crore buyout” published in Moneycontrol on 07 October 2024. In this regard, we wish to inform you that HeidelbergCement India Limited (“the Company”) is unaware about any such development and we do not comment on market speculations.”
