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Adani becomes 2nd largest cement firm after Ambuja, ACC acquisition
short by Srishty Choudhury / on Saturday, 17 September, 2022
With the completion of the acquisition of Ambuja Cements and ACC, Adani Group has now become the country's second-largest cement player. Holcim sold its entire stake in Ambuja Cements at ₹385 apiece and in ACC at ₹2,300 apiece. Adani Group Chairperson Gautam Adani tweeted about the development and said, "We will double our capacity in the next five years."
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