- Adani family injects Rs 6,661 crore into Ambuja Cement, increasing its stake to 66.7%.
- The investment enhances Ambuja’s capital flexibility for growth initiatives and strengthens its balance sheet.
- Funds to be utilized for capacity expansion, operational enhancements, innovation, and strategic initiatives.
The Adani family has significantly bolstered its presence in Ambuja Cement by infusing a staggering Rs 6,661 crore, elevating its stake in the company to 66.7%. This strategic move follows an earlier infusion of Rs 5,000 crore through warrants issuance, emphasizing the family’s commitment to Ambuja’s growth trajectory.
Ambuja Cement, buoyed by this substantial capital injection, is poised to accelerate its growth initiatives and bolster its financial position. The funds will be instrumental in achieving a capacity of 140 million tonnes per annum by 2028, facilitating operational enhancements, and driving innovation across the cement vertical.
Barclays Bank PLC, MUFG Bank, and Standard Chartered Bank played pivotal roles as advisors for the transaction, underscoring the strategic significance of the Adani family’s investment in Ambuja Cement’s future prospects.
