The Adani family invests ₹8,339 crores in Ambuja Cements, increasing their holding to 70.3%
The billionaire Gautam Adani’s Adani Group made a big move in May 2022 when they bought a majority share in Ambuja Cement and its subsidiary ACC Limited. At $10.5 billion, this was the largest deal the Adani Group had ever done and the largest M&A deal in the materials and infrastructure space in India. Adani…