Adani family increases stake in Ambuja Cements to 70.3% with additional Rs 8,339 crore investment.

The Adani family has increased its stake in Ambuja Cements to 70.3% after infusing an additional Rs 8,339 crore into the cement and building materials company. This marks the last tranche of the Rs 20,000 crore investment the family had planned to infuse in Ambuja Cements after buying the company from Switzerland's Holcim in 2022. The additional capital will strengthen Ambuja Cement's financial position and enable it to pursue ambitious growth plans and capitalize on emerging opportunities in the market. The Adani Group plans to enhance cement production capacity to 140 million tonnes per annum by 2028.

April 17, 2024
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