Adani Family stake in Ambuja Cement: Gautam Adani, a wealthy Indian businessman, along with his family, has made a substantial investment in Ambuja Cements Ltd. The amount they invested is 799 million dollars, which is equivalent to approximately 6661 crore rupees. This investment shows Adani’s confidence in the cement industry. India is on a path to develop more infrastructure.
Please read the complete article to know about the Adani Family stake in Ambuja Cement.
Adani Family stake in Ambuja Cement investing 6661 crores
The Adani family, who are promoters of Ambuja Cement, put 6661 crore rupees into the company. They now own more of the company. Adani’s stake went up by 3.6 per cent to reach 66.7 per cent. It’s worth mentioning that earlier, in October 2022, the Adani family had already put 5000 crore rupees into the company by getting warrants approved by the board.
This large investment provides Ambuja Cement with more money to grow faster. The additional funds will enable Ambuja Cement to manage its money better. This significant investment maintains Ambuja Cement’s strong financial position. It shows that the Adani family believes in Ambuja Cement. Adanis will ensure that the company should grow.
Adani Family aims to double the company’s existing capacity by 2028
In the future, the Adani family wants Ambuja Cement to double its capacity by 2028. This means they want to make twice as much cement as they do now. Adani and family will invest more in Ambuja Cement if needed. They want to make the company bigger.
Adani’s Investment will be used to make the company bigger. They want to be able to make 140 million tonnes of cement every year by 2028. The company will also use the money to make their operations better. Ambuja Cements will spend money to make sure everything runs smoothly and efficiently.
Ambuja Cements will use some of the money to come up with new ideas and make better products. Ambuja Cements wants to be the best in the industry and grow more. Adani family believes in Ambuja cement and its growth.
Ambuja Cement shares
After the investment news came out, Ambuja Cements’ shares went up by 2.37 per cent to Rs 616 on the BSE. This is compared to the previous day’s close of Rs 601.70. The increase in the share price shows that investors believe in the company. As a result, the Adani Group firm’s market value went up to Rs 1.21 lakh crore. The investment in Ambuja Cement by the Adani family is a new phase of growth. From here the company will grow exponentially.
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