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The Adani family has invested Rs 6,661 crore in Ambuja Cements Ltd. to raise its stake in the company by 3.6%.
The capital infusion will bolster the Adani family’s stake to 66.7% and help Ambuja reach an annual cement production capacity of 140 million tonne by 2028, an exchange filing said.
The investment was done through Harmonia Trade and Investment Ltd., an entity owned by the Adani family and part of the promoter group of the cement maker.