Adaani Group Acquired Ambuja Cements And ACC Ltd

Adaani Group acquired the stakes of Ambuja cements and ACC.The Combined value of these two groups are $ 10.5 billion. The acquisition take place on February 2023. Now this group has lead second largest cement producer in India. The underwriter of this transactions are DBS Bank ,First Abu Dhabi Bank ,Mizuho Bank and MUFG Bank. Ambuja cements and ACC are very strongest brand in India. They have 23 cement plants, 14 grinding station, 80 ready mix concrete plan, 50000 channel partners across in India. This acquisition is the largest acquisition done by the Adani group. Ambuja cement and ACC are Switzerland based Hokim limited company. Gautam Adani chairman of the Adani group said that "our move into the cement the business is yet another validate of our belief in our Nations growth story". Now Ambuja cement limited and ACC limited have 70 million tonne combined installed production capacity. The acquisition of these companies as per regulatory approvals and conditions. There is confusion among the ownership of Ambuja cement and ACC and clear the the control of this companies belongs to Vinod Adani. The acquisition by the Adani group in increase production capacity of Ambuja cements and ACC upto 140 MTPA in about 5 years. This acquisition made capital investment with the growth and development of the country by Adani group.

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