Adani Family Boosts Investment In Ambuja Cements By ₹6,661 Cr, Stake Now At 66.7%

The Adani family has further deepened their financial commitment to Ambuja Cements Ltd by investing an additional ₹6,661 crore, raising their stake by 3.6% to a commanding 66.7%.

What Happened: Ambuja Cements announced on Wednesday that the Adani family has increased their investment in the company. This financial boost is set to strengthen Ambuja’s financial position and fast-track its growth, with an ambitious plan to double its capacity to 140 million tonnes per annum (MTPA) by 2028.

The Adani family’s latest investment underscores their commitment to Ambuja’s growth strategy and prudent capital management. This follows a previous infusion of ₹5,000 crore by the promoter into the company for exercising the warrants issuance approved by the company’s board in October 2022.

Ajay Kapur, Whole Time Director and CEO of Ambuja Cements expressed his excitement about the Adani family’s decision to increase their stake in Ambuja. “This infusion of funds provides Ambuja capital flexibility for fast-tracked growth, capital management initiatives and best-in-class balance sheet strength,” he said.

With this latest investment, the promoters have infused a total of ₹11,661 crore in Ambuja post-acquisition, positioning the company for accelerated growth and strategic initiatives. Barclays Bank PLC, MUFG Bank, and Standard Chartered Bank served as advisors for the transaction.

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