Adani Group through SPV completes acquisition of Ambuja Cements, ACC
17th Sep 2022

Adani group through Endeavour Trade and Investment (BidCo), a special purpose vehicle (SPV), has successfully completed the acquisition of Ambuja Cements and ACC. The transaction involved the acquisition of Holcim's stake in Ambuja and ACC along with an open offer in both entities as per SEBI Regulations.

The value of the Holcim stake and open offer consideration for Ambuja Cements and ACC is $6.50 billion, which makes this the largest ever acquisition by Adani, and also India's largest ever M&A transaction in the infrastructure and materials space. Post the transaction, Adani will hold 63.15% in Ambuja Cements and 56.69% in ACC (of which 50.05% is held through Ambuja Cements).

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.