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Adani-Holcim deal: Implications for ACC-Ambuja investors and the cement sector

Optimism on the deal comes from the group’s intent to create an integrated conglomerate across infrastructure verticals and also because the cement sector is poised for an uptrend

May 17, 2022 / 12:24 PM IST
Adani-Holcim deal: Implications for ACC-Ambuja investors and the cement sector

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The Holcim-Adani deal has been cemented. With this, global cement group Holcim’s hitherto speculated exit from India has become a reality. And Gautam Adani, promoter of an infrastructure conglomerate with a presence in ports, airports, power, roads and renewable, acquires two of India’s listed cement companies, Ambuja Cement Ltd and ACC Ltd.  In a master stroke, the Adani group catapults to No.2 position in the domestic cement industry, after the Aditya Birla group’s UltraTech Cement Ltd, which is the market...

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