CURRENT AFFAIRS

Detailed explanation-1: -According to the MoU, BASF and Adani want to establish a joint venture with an investment totalling about €2 billion (approximately Rs. 16,000 crores), in which BASF will hold the majority.

Detailed explanation-2: -In September 2022, the Adani Group acquired a majority stake of 63.1% in Ambuja Cements Ltd. and a 54.5% stake in ACC Ltd. in a $6.4 Billion cash deal with Switzerland-based Holcim.

Detailed explanation-3: -Adani completes acquisition of Ambuja Cements and ACC Billionaire Gautam Adani’s son Karan will helm the cement firms his group has acquired to become India’s second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.

Detailed explanation-4: -Experts peg the extra payout to shareholders who tendered their shares in the open offer at nearly Rs 26 crore. “The Adani group was not an existing shareholder in NDTV for three years, having only recently acquired RRPR Holding, an NDTV promoter firm, which had 29.18 per cent in the news broadcaster.

Detailed explanation-5: -Billionaire Gautam Adani is planning to invest more than $4 billion in a petrochemical complex in Gujarat, he said in an interview with the Financial Times on Friday.