Completes acquisition of Ambuja Cements and ACC Largest acquisition in India's Infrastructure and Materials space valued at USD 6.50 billion Post the transaction, Adani will hold 63.15% in Ambuja Cements and 56.69% in ACC (of which 50.05% is held through Ambuja Cements) The combined market capitalization of Ambuja Cements and ACC is USD 19 billion as on date With this acquisition, Adani is now India's second largest cement manufacturer (capacity 67.5 MTPA) Enhanced corporate governance with 100% independent directors on Audit Committee and Nomination & Remuneration Committee Two new Board committees - Corporate Responsibility Committee and Public Consumer Committee - comprising solely of independent directors, will drive ESG assurance and consumer-first approach AHMEDABAD, India, Sept. 16, 2022 /PRNewswire/ The Adani Family, through Endeavour Trade and Investment Ltd ("BidCo"), a special purpose vehicle, has successfully completed the acquisition of Ambuja Cemen
Completes acquisition of Ambuja Cements and ACC Largest acquisition in India's Infrastructure and Materials space valued at USD 6.50 billion Post the transaction, Adani will hold 63.15% in Ambuja Cements and 56.69% in ACC (of which 50.05% is held through Ambuja Cements) The combined market capitalization of Ambuja Cements and ACC is USD 19 billion as on date With this acquisition, Adani is now India's second largest cement manufacturer (capacity 67.5 MTPA) Enhanced corporate governance with 100% independent directors on Audit Committee and Nomination & Remuneration Committee Two new Board committees - Corporate Responsibility Committee and Public Consumer Committee - comprising solely of independent directors, will drive ESG assurance and consumer-first approach AHMEDABAD, India, Sept. 16, 2022 /PRNewswire/ The Adani Family, through Endeavour Trade and Investment Ltd ("BidCo"), a special purpose vehicle, has successfully completed the acquisition of Ambuja Cemen
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