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Adani family infuses ₹6,661 crore to boost stake in Ambuja Cements to 66.7%

Livemint · 1y

Billionaire Gautam Adani and his family have invested $799 million to increase their stake in Ambuja Cements Ltd. The move shows confidence in India's infrastructure boom. This investment follows a previous infusion of $1.36 billion by the Adani family, raising their stake to 66.7%. Ambuja aims to achieve an annual cement production capacity of 140 million tonnes by 2028. The increased capital will support Ambuja's growth plans, enhance its balance sheet, and enable it to pursue strategic initiatives.