Adani Group has announced an infusion of an additional Rs 8,339 crore into Ambuja Cements Ltd (Ambuja), a prominent entity within the cement and building materials sector. Ambuja Cements stands as the flagship company under the diverse portfolio of the Adani group.
This substantial capital injection underscores the Adani family’s commitment to bolstering Ambuja Cements’ growth trajectory and consolidating its position within the industry. With this infusion, the Adani family reaffirms its strategic vision for Ambuja Cements, positioning it for sustained success in the dynamic landscape of cement and building materials.
The Adani family has demonstrated their unwavering commitment to bolstering their investment in the company by fully subscribing to the warrants programme, infusing an additional Rs 8,339 crore. This brings their total investment in the company to Rs 20,000 crore, resulting in a 3.6 per cent increase in their stake to 70.3 per cent.
Notably, this follows previous investments of Rs 5,000 crore on October 18, 2022, and Rs 6,661 crore on March 28, 2024, which were allocated for the partial issuance of shares, as per a company statement. Emphasizing their strategic approach to capital management, the release highlighted the Adani family’s commitment to enhancing the future prospects and potential of the cement vertical through these investments.
As per the statement, the supplementary investment aims to strengthen the company’s financial standing, empowering it with greater resources to pursue its ambitious expansion strategies and seize emerging prospects within the market. The injected funds are expected to play a pivotal role in realizing the cement vertical’s goal of reaching a capacity of 140 million tonnes per annum by 2028.
