Adani Group takeover of Ambuja and ACC Cement Company for Rs 81,000 crore

Adani Group announces takeover of Ambuja and ACC Cement Company for Rs 81,000 crore

Adani Group’s new venture: Adani Group takeover of Ambuja and ACC Cement Company for Rs 81,000 crore : The Adani Group has announced the acquisition of an entire stake in Swiss-based Holcim Ltd in two of India’s leading cement companies, Ambuja Cement Limited and ACC Limited, through an offshore special purpose vehicle. The Adani Group has announced that it will acquire both Holcim Ltd’s cement for 10. 10.50 billion, or Rs 81,000 crore. This is the largest deal ever made by Adani.

It is also considered to be India’s largest M&A deal ever. It may be mentioned here that ACC i.e. Holcim Company has a stake in Associated Cement Companies. It is a Swiss building materials company. ACC was started on 1st August 1936 in Mumbai. It started by meeting many groups at that time.

Announcing the acquisition, Adani Group Chairman Gautam Adani said on social media, “We have strong faith in India’s story.” We will combine Holcim’s cement companies in India with our green energy and logistics to make it the largest green cement company in the world.

He said that India is likely to remain the world’s most demanding cement economy for decades to come, adding that despite India being the world’s second largest cement market, per capita consumption of cement globally is less than half.

“I am delighted that Adani Group is acquiring our business in India to move forward in the next era,” said Jane Janish, CEO, Holcim Ltd. Adani Group takeover of Ambuja and ACC Cement, BengolNews

Ambuja Cements and ACC have superb manufacturing and supply chain infrastructure

Ambuja Cements and ACC currently have a combined installed capacity of 70 million tonnes per annum. Both the companies are one of the strongest brands in India with better manufacturing capacity and supply chain infrastructure. It has 23 cement plants, 14 grading stations, 80 ready-mix concrete plants and more than 50,000 channel partners across India. Aditya Birla Group’s Ultra Tech Cement is the largest company in the country. Its annual capacity is 119 million metric tons. Adani Group takeover of Ambuja and ACC Cement, Bengol News

Adani Group is constantly diversifying its business | Adani Group takeover of Ambuja and ACC Cement

The Adani Group, which started as a commodity trading company in 1988, came to the national level after expanding its port business. In the last few years, the group has also expanded its reach into green energy, media, oil-gas, mining, airport operations, construction, and food processing. The Adani Group entered the cement sector last year under the name Adani Cement Industries. After the takeover of ACC, it could become a large company in the cement sector.

Also Read

• What should LIC investors do | LIC Share Buy Or Sell in 2022
• Adani Group takeover of Ambuja and ACC Cement
• Adani Group takeover of Ambuja and ACC Cement in 2022