Adani group acquires stake in Ambuja Cements, ACC
19th Sep 2022

Adani group has 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.

Ambuja Cements is engaged in manufacturing and marketing of cement and clinker for both domestic and export markets.