Adani Family injects Rs 6,661 crore into ownership of Ambuja Cements

The Adani family, who are the promoters of Ambuja Cement, injected Rs 6,661 crore into the cement and building materials company as part of the Adani portfolio. This move resulted in a nearly 2 percent surge in the stock price and boosted their ownership stake in cement by 3.6 percent, reaching a total holding of 66.7 percent. Earlier, in October 2022, the Adani family had invested Rs 5,000 crore into the company for exercising warrants issuance approved by the board.

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Ambuja Cements response to Adani Family’s Investment Surge

Ambuja Cements stated that the investment will enhance the company’s financial standing and aligns with its ambitious growth strategies. In a regulatory filing, Cements emphasized that this strategic initiative reflects a steadfast commitment to maintaining a robust capital management approach for portfolio companies. The company further asserted that the latest investment underscores the Adani family’s dedication to enhancing the future prospects and potential of the cement vertical.

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Investment to Drive Innovation and Growth

Advancing Innovation and Growth with Technology Integration. Ajay Kapur, whole Time Director and CEO of Ambuja Cements, remarked, This capital infusion offers Ambuja the flexibility to accelerate growth, implement capital management initiatives, and reinforce our balance sheet strength.

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