Ambuja Cements

Adani may sell stake in Ambuja Cement for $450 million to reduce debt: Report

The stake sale in Ambuja, as per reports, is being initiated as the group seeks to rebuild investor confidence and erase concerns about its high debt by pre-paying loans.

published on : 11th March 2023

Ambuja Cements Sept-quarter net profit falls 94 pc to Rs 51.3 cr; revenue up 7.4 pc to Rs 7,143 cr

On a standalone basis, Ambuja Cements reported a decline of 68.74 per cent in its net profit to Rs 137.89 crore as against Rs 441.23 crore in the year-ago quarter.

published on : 21st October 2022

Adani pledges USD 13 billion shares of ACC, Ambuja

After the takeover, Adani Group chairman Gautam Adani said they expect a significant margin expansion to become the most profitable cement manufacturer in the country.

published on : 21st September 2022

Ambuja Cements shares at all-time high after being acquired by Adani Group

The Board of Ambuja Cements has also approved an infusion of Rs 20,000 crores into Ambuja by way of preferential allotment of warrants.

published on : 19th September 2022

Adani to become most profitable cement manufacturer

Adani Group last week completed buyout of Swiss major Holcim's stake in the two firms.

published on : 19th September 2022

Adani completes ACC, Ambuja acquisition; becomes second-largest cement manufacturer

Adani Group named its founder chairman Gautam Adani as the head of Ambuja Cements and Karan was named as a director of both the cement firms and as chairman of ACC. 

published on : 17th September 2022

Adani names son Karan to run cement firms; injects Rs 20,000 cr in Ambuja Cement

Soon after Adani's takeover, the two cement firms announced the resignation of their board of directors, including the CEOs and CFOs.

published on : 16th September 2022

Adani Group's open offer for ACC, Ambuja Cements gets lukewarm response from investors

According to the latest regulatory filing by ACC Ltd, till 6.40 pm on Friday, around 40.51 lakh equity shares were tendered against the original offer of 4.89 crore shares, which is just 8.28 per cent

published on : 10th September 2022

Adani Group launches Rs 31,000 crore open offer for ACC, Ambuja Cements

Shares of ACC Ltd were trading at Rs 2283.15 in morning trade. The Ambuja Cements stock was trading at Rs 396.50 on the BSE in early trade, down 0.15 per cent over its previous close of Rs 397.10.

published on : 26th August 2022

Adani-Holcim deal: Open offer for Ambuja, ACC from July 6-19

The combined size of the open offers is at Rs 31,139 crore, higher than the Unilever’s Rs 29,220 crore open offer for HUL shares in 2013, potentially making it the largest deal in corporate India.

published on : 27th May 2022

ACC, Ambuja Cements shares rally after Holcim India deal 

The stock of ACC jumped 3.70 per cent to settle at Rs 2,192 on the BSE. During the day, it rallied 7.79 per cent to Rs 2,288.15.

published on : 16th May 2022

Adani, JSW Cement and Aditya Birla Group in race for Holcim assets

The reason for the sale is Holcim’s reported objective of selling its cement assets across markets and focusing on the building materials segment. 

published on : 11th May 2022