Adani Group boosts stake in Ambuja Cements with additional Rs 8339 crore investment. Stake now at 70.3%.

The Adani family announced an investment of Rs 20,000 crore in Ambuja Cement, completing a planned infusion. The latest investment of Rs 8,339 crore has increased the family’s stake in Ambuja Cement to 70.3%. This significant boost is expected to accelerate the company’s growth ambitions, facilitating the nearly doubling of its capacity to 140 million tonnes per annum by 2028. The fund infusion will provide Ambuja with capital flexibility for accelerated growth, capital management initiatives, and a strong balance sheet to accomplish various strategic initiatives.

This investment underscores the Adani family’s commitment to enhancing the prospects and potential of the cement vertical, strengthening the company’s financial position, and enabling it to pursue ambitious growth plans. In addition to expanding capacity, the investment will enable strategic initiatives such as debottlenecking capex to enhance operational performance, resource and supply chain efficiencies, and innovation and product enhancement through advanced technology integration. Consequently, this will better position Ambuja Cement to meet the growing requirements of the sector driven by the Indian economy’s growth. Ajay Kapur, CEO of Ambuja Cements Ltd, expressed excitement about the completion of the Adani family’s infusion of funds, emphasizing that it provides the company with capital flexibility for accelerated and sustained growth, exceptional balance sheet strength, and reinforces their commitment to delivering long-term sustainable value creation to stakeholders.

Barclays Bank PLC, MUFG Bank, Mizuho Bank, and Standard Chartered Bank served as advisors for the transaction. Note: This story has not been edited by NDTV staff and is published from a syndicated feed.