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Ambuja Cements is planning to utilise the Rs 6,661 crore fund to achieve the capacity of 140 million tonnes of cements per annum by 2028 and to fuel strategic initiatives such as debottlenecking capex to enhance operational capabilities among others

Adani family raises stake in Ambuja Cements to 66.7%; invests Rs 6,661 crore

<h2>Ambuja Cements is planning to utilise the Rs 6,661 crore fund to achieve the capacity of 140 million tonnes of cements per annum by 2028 and to fuel strategic initiatives such as debottlenecking capex to enhance operational capabilities among others</h2>

Gautam Adani's family has invested Rs 6,661 crore into Ambuja Cements. By this, the family's stake in the firm has increased by 3.6% to 66.7%, as per a regulatory filing. So far, the promoters have infused Rs 11,661 crore into Ambuja Cements.&nbsp;
"This infusion of funds provides Ambuja capital flexibility for fast-tracked growth, capital management initiatives and best-in-class balance sheet strength. It is not only the testament to steadfast belief in our vision and business model but also reinforces our commitment to delivering long-term sustainable value creation to our stakeholders,&rdquo; said Ajay Kapur, Whole Time Director and CEO, Ambuja Cement
<h3>Investment into Ambuja Cements</h3>
Ambuja Cements while calling it a strategic move underscoring the promoters&rsquo; unwavering commitment to have robust capital management for the portfolio companies also said that this was a commitment by the Adani family to boost future prospects and potential of the cement vertical.&nbsp;
Also Read: <a href="https://www.editorji.com/business-news/adani-group-nears-securing-3-5-bn-loan-for-ambuja-cements-acquisition-1697787193027">Adani Group nears securing $3.5 bn loan for Ambuja Cements acquisition</a>
The firm further mentioned that the investment will strengthen the company&rsquo;s financial position and allow it to pursue its growth plans and capitalise on emerging opportunities. The newly invested funds will be used to achieve the capacity of 140 million tonnes per annum by 2028 by the cement vertical.
The fund will also used the fund to fuel strategic initiatives such as debottlenecking capex to enhance operational capabilities to ensure scalability, as well as bringing efficiencies across resources, supply chain. Driving innovation, product enhancement are some of the other avenues that the fund will be utilised for.
Meanwhile, the shares of Ambuja Cements went up over 2% during the intraday trading at Rs 615 a piece.

India's richest man Gautam Adani is cementing his position now as cement czar as he pips put rivals Jindal and Birla to acquire Holcim's India assets and be the new boss for cement majors ACC and Ambuja.

Gautam Adani to acquire Ambuja Cement and ACC from Holcim

Holcim, through its subsidiaries, holds 63.19 per cent in Ambuja Cements and 54.53 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements).

Adani to acquire Ambuja Cement and ACC from Holcim

With this, Adani now becomes India&rsquo;s second largest cement manufacturer with a capacity of about 70 Metric Tonnes Per Annum (MTPA)

India's richest man Gautam&nbsp;Adani is cementing his position now as cement czar as he pips put rivals Jindal&nbsp;and Birla&nbsp;to acquire Holcim's&nbsp;India assets and be the new boss for cement majors ACC and Ambuja. At $10.5 bn this the largest ever acquisition by Adani, and India&rsquo;s largest ever M&amp;A transaction in the infrastructure and materials space, The deal&nbsp;values includes&nbsp;Holcim stake and open offer consideration for Ambuja Cements and ACC
With this, <a href="https://www.editorji.com/business-news/markets/gautam-adani-is-now-asia-s-richest-man-surpasses-the-wealth-of-mukesh-ambani-mark-zuckerberg-1644289000296" target="_blank">Gautam&nbsp;Adani</a> now becomes India&rsquo;s second largest cement manufacturer with a capacity of about 70 Metric Tonnes Per Annum (MTPA) right behind Birla&nbsp;owned UltaTech&nbsp;which is India's largest cement company.&nbsp;
Holcim, through its subsidiaries, holds 63.19 per cent in Ambuja Cements and 54.53 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements).
Holcim in a statement said, "The corresponding offer share prices of Rs 385 for Ambuja Cement and Rs 2,300 for ACC translate into cash proceeds of CHF 6.4 billion (Swiss Franc) for Holcim." Adani has in the last couple of years diversified beyond its core business of operating ports, power plants and coal mines into airports, data centres and clean energy.
The group had last year set up two cement subsidiaries - Adani Cementation Ltd which was planning to set up two cement units at Dahej in Gujarat and Raigarh in Maharashtra; and Adani Cement Ltd.
Also Watch/Read:<a href="https://www.editorji.com/business-news/lic-ipo-listing-tomorrow-what-does-the-grey-market-say-1652672129856" target="_blank">&nbsp;LIC IPO listing tomorrow: What does the grey market say</a>&nbsp;
The world's largest cement maker Holcim last month announced its exit from the country after struggling here for a long. The company through two listed entities <a href="https://www.editorji.com/business-news/ambuja-cements-acc-up-for-sale-1649909380297" target="_blank">ACC</a> and Ambuja has 66 million tonnes per annum capacity (MTPA).
Holcim was in talks with several business houses including Aditya Birla Group, which owns the leading cement players UltraTech and steel-to-energy conglomerate JSW Group.
The group, which had entered the market 17 years ago, holds a 63.19 per cent stake in Ambuja and a 4.48 per cent in ACC while Ambuja owns a 50.05 per cent stake in ACC.
ACC has 17 cement manufacturing units, 9 captive power plants and 6,643 employees along with a distribution network of 56,000 dealers &amp; retailers and a countrywide.
<a href="https://www.editorji.com/business-news/ambuja-cements-acc-up-for-sale-1649909380297" target="_blank">Ambuja Cements</a> has a cement capacity of 31 million tonnes with 6 integrated cement manufacturing plants and 8 cement grinding units across the country.

Ambuja Cements and ACC could be on a sale as the Swiss-based parent company Holcim Group, which is also the biggest cement maker in the world, may soon exit India.
As per reports, Holcim Group is looking to exit India after 17 years as it has been selling off non-core assets to reduce debt and diversify through acquisitions. It divested its Brazilian unit for $1 billion in September and is also planning to sell its business in Zimbabwe.
In what could potentially be the largest M&A deal in India, the combined market capitalisation of the two cement companies is Rs 1.14 lakh crore ($15 billion) with Ambuja alone being at Rs 73,349 crore ($9.7 billion).
Holcim owns 63.1% of Ambuja Cements. Ambuja Cement in turn owns 50.05% of ACC Ltd. Holcim owns another 4.48% of ACC directly.
As per Economic Times, Holcim is believed to have held early-stage negotiations with JSW and Adani Group, among others, to explore their interest levels. Both are recent entrants in the cement sector but have aggressive plans to ramp up.

Ambuja Cements, ACC up for sale?

Ambuja Cements and ACC could be on a sale as the Swiss-based parent company Holcim Group, which is also the biggest cement maker in the world, may soon exit India.

Ambuja Cements, ACC up for sale?

Ambuja&nbsp;Cements and ACC could be on a sale as the Swiss-based parent company Holcim&nbsp;Group, which is also the biggest cement maker in the world, may soon exit India.
As per reports, Holcim&nbsp;Group is looking to exit India after 17 years as it&nbsp;has been selling off non-core assets to reduce debt and diversify through acquisitions.
It is anticipated to be&nbsp;the largest M&amp;A deal in India as the&nbsp;combined market capitalisation of the two cement companies is Rs 1.14 lakh crore.
&nbsp;

Holcim&nbsp;Group is looking to exit India after 17 years as it&nbsp;has put Ambuja&nbsp;Cements and ACC up for sale.

Ambuja&nbsp;Cements and ACC could be on a sale as the Swiss-based parent company Holcim&nbsp;Group, which is also the biggest cement maker in the world, may soon exit India.
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As per reports, Holcim&nbsp;Group is looking to exit India after 17 years as it&nbsp;has been selling off non-core assets to reduce debt and diversify through acquisitions. It divested its&nbsp;Brazilian&nbsp;unit for $1 billion in September and is also planning to sell its business in&nbsp;Zimbabwe.
In what could potentially be the largest M&amp;A deal in India, the&nbsp;combined market capitalisation of the two cement companies is Rs 1.14 lakh crore ($15 billion) with Ambuja alone being at Rs 73,349 crore ($9.7 billion).
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Holcim&nbsp;owns 63.1% of Ambuja&nbsp;Cements. Ambuja Cement in turn owns 50.05% of ACC Ltd. Holcim&nbsp;owns another 4.48% of ACC directly.
As per Economic Times,&nbsp;Holcim is believed to have held early-stage negotiations with JSW and Adani Group, among others, to explore their interest levels. Both are recent entrants in the cement sector but have aggressive plans to ramp up.

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