Ownership record
Who owns Ambuja Cements and ACC?
Ambuja Cements and ACC are owned by the Adani Group, which bought Holcim's Indian cement business in September 2022 for about $10.5bn — making Adani India's second-largest cement producer overnight.
The short answer
- Ownerthe Adani Group
- Owner isthe ports-to-power conglomerate run by Gautam Adani
- Owned since2022
- Previous ownerHolcim
- Reported consideration10,500,000,000 US dollars
- Assettwo of India's largest cement producers
How the deal was structured
It was the largest acquisition Adani had ever made and its biggest move outside infrastructure and energy. Holcim exited India entirely as part of a strategy shift towards building materials in Europe and North America.
On the money trail board this sits as a 2022 movement of $10.5B between Zurich and Ahmedabad, sourced to Wikipedia. Open the full ledger entry.
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