Adani Group invests an additional Rs 8339 crore in Ambuja Cements, increases stake to 70.3%

The Adani family made significant investments in Ambuja Cement, injecting a total of Rs 20,000 crore into the company. This latest infusion was worth Rs 8,339 crore, leading to an increase in the family’s stake in Ambuja Cement to 70.3%. The company plans to utilize this investment to double its current capacity to 140 million tonnes per annum by 2028.

In 2022, the Adani group acquired Ambuja and ACC from Holcim, a move that showcased their capital management philosophy and commitment to cement vertical. The additional investment aims to strengthen Ambuja’s financial position, enabling it to pursue ambitious growth plans and capitalize on emerging opportunities in the market. The funds infusion will not only support capacity expansion but also drive various strategic initiatives, such as enhancing operational performance, improving supply chain efficiencies, and implementing advanced technology integration for better service offerings.

Ajay Kapur, CEO of Ambuja Cements Ltd, expressed his enthusiasm for the completion of the primary infusion, highlighting the capital flexibility it provides for growth and reinforcing their commitment to delivering sustainable value creation. Barclays Bank PLC, MUFG Bank, Mizuho Bank, and Standard Chartered Bank acted as advisors for the transaction.