Adani's injects huge fund on Ambuja Cements to double the shares

Gautam Adani, a key Indian billionaire & his family invested $ 799 million to boost its stake in Ambuja Cements Ltd. This huge investment shows the commitment of the top industrialist’s to boost the cement trade as well India’s Infrastructure sphere. 

The recent investment of Adani family at Rs. 6,661 crore came after their early investment of Rs. 5000 crore for training the warrants issuance permitted by the board of the company in the month of October 2022. With this significant move, the family of Adani has boosted the stake shares in Ambuja by 3.6 percent to achieve a 66.7 percent stock.

On this investment, Ajay Kapur, Whole Time Director and CEO at Ambuja Cements says, "We are thrilled to announce Adani family's decision to increase their stake in Ambuja”.

Further he adds, "This infusion of funds provides Ambuja capital flexibility for fast-tracked growth, capital management initiatives, and best-in-class balance sheet strength. It is not only a testament to steadfast belief in our vision and business model but also reinforces our commitment to delivering long-term sustainable value creation to our stakeholders. This shall propel us towards setting new benchmarks, accelerating our growth, and continuing to deliver on operational excellence, business synergies, and cost leadership."

Pointedly, the Adani group announced the plan to foster the groeth trajectory of  Ambuja Cements. As per the exchange filing of the company, within the year 2028, the industrial family targets to double the current capacity of the company by achieving a stunning 140 MTPA - Million tonnes per annum.

The Adani group pledged that their capital investment will offer a finest financial flexibility for Ambuja Cements to accelerate the projected growth, handle the commercial capital management elements & strengthen the fiscal balance sheet.