Adani will take over cement company Ambuja and ACC for $ 10.5 billion, now it will also become a big player in the cement sector

In a major decision, Asia's richest man Gautam Adani will take over cement company Ambuja and ACC. Adani Group announced a deal to acquire Holcim's businesses in India for $10.5 billion. Holcim's stake in Ambuja Cement & ACC. It’ll be India’s largest-ever acquisition in the Infra & Materials space. This deal of Adani Group has been done for $ 10.5 billion (about Rs 81 thousand crores). This is the largest acquisition in India's infra and materials space. Group chairman Gautam Adani visited Abu Dhabi and London last week regarding the deal. He has just returned to India.

ACC means Associated Cement Companies and Ambuja is owned by Holcim Company. It is a Switzerland-based building materials company. ACC was started on 1 August 1936 in Mumbai. At that time many groups together had laid their foundation. Ambuja Cement was founded in 1983 by Narottam Sekhsaria and Suresh Neotia.

Giving information about this takeover, Gautam Adani tweeted and said, 'Our faith in the story of India is unshakable. Combining Holcim cement companies in India with our green energy and logistics will make us the greenest cement company in the world.

Holcim Company started business in India 17 years ago. It is considered to be the largest cement company in the world. After this deal, the company can close its business in India. Holcim Group has stake in two cement companies Ambuja Cement and ACC Limited in the country. Holcim holds 63.19% in Ambuja Cements through Holderind Investments Limited and 54.53% in ACC (of which 50.05% is through Ambuja Cements).