Archive · 20 Jul 2025
NCLT Approves Adani Cementation and Ambuja Cements Merger
Imagine two friends, Adani Cementation and Ambuja Cements, both making cement.
They decided to become one big company to make things easier.
The government approved this, meaning Adani Cementation is now part of Ambuja Cements.
This will help them work better together and use their resources efficiently.
Adani, the company that owns them, is also becoming a big player in the cement business, which means more building materials in the future.
The merger is expected to boost the value for the company's shareholders, and make their production capacity even greater.
NCLT approved the merger of Adani Cementation with Ambuja Cements.
The merger will consolidate Adani Group's cement business and offer synergistic benefits.
The effective date of the amalgamation is April 1, 2024.
Adani Enterprises will receive 8.7 million shares of Ambuja Cements in a share swap.
Ambuja Cements aims to reach 118 MTPA by FY 2026 and 140 MTPA by FY 2028.
- Who
- The National Company Law Tribunal (NCLT), Adani Cementation, and Ambuja Cements.
- What
- NCLT approved the merger of Adani Cementation with Ambuja Cements.
- When
- July 18, 2024 (order passed), effective date is April 1, 2024.
- Where
- Ahmedabad, India
- Why
- To consolidate Adani Group's cement business, create synergistic benefits, and enhance manufacturing capacity.
Shareholder Impact
N/A
Value Addition
Shareholder Impact
Adani's entities expect the merger to lead to enhanced value addition for both companies.
N/A
No opposing view found.
- Companies Involved
- Adani Cementation, Ambuja Cements
- Approval Authority
- National Company Law Tribunal (NCLT)
- Effective Date
- April 1, 2024
- Share Swap
- Adani Enterprises to receive 8.7 million shares
- Adani's Entry in Cement Sector
- September 2022
- Ambuja Cements Capacity Goal
- 118 MTPA by FY2026, 140 MTPA by FY2028