The world’s largest cement maker, Holcim, put its twin listed entities in India, Ambuja Cement, and ACC, on sale. Potential buyers include market leader UltraTech Cement, JSW, and Adani groups. Meanwhile, Wipro chief executive Thierry Delaporte continued his aggressive inorganic growth strategy with a $540 million acquisition of SAP consulting firm Rising Intermediate Holdings, while Reliance Industries was said to be considering a bid for UK’s largest drugstore chain Boots even as it ceded 40% stake in its media company Viacom 18 to Bodhi Tree a venture of James Murdoch and Uday Shankar, former chairman and CEO of Star India. And the long-awaited Life Insurance Corp. of India IPO will finally hit the market this week, albeit at a much-reduced valuation.
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