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Adani Group's acquisition of Ambuja Cements, ACC approved by CCI
short by Srishty Choudhury / on Saturday, 13 August, 2022
The Competition Commission of India (CCI) has approved Adani Group's acquisition of Ambuja Cements and ACC from Switzerland's Holcim. Adani Group had acquired the companies in May for ₹81,339 crore. The CCI gave the approval to Endeavour Trade and Investment, a company incorporated in Mauritius by the Adani Group. Adani Group is now the country's second-largest cement player after UltraTech.
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