Business News: The Adani family, promoters of Ambuja Cements, have injected an additional Rs 8,339 crore into the cement company through the warrants program, elevating their stake to 70.3 percent and total investment to Rs 20,000 crore, as per an exchange filing dated April 17.

Their previous investments include Rs 5,000 crore in October 2022 and Rs 6,661 crore on March 28, 2024, allocated for part issuance of shares, as per the filing.

The company emphasizes that this funding infusion will play a pivotal role in achieving its target capacity of 140 million tonnes per annum by 2028 in the cement vertical.

Ajay Kapur, whole-time director and CEO of Ambuja Cements, expressed enthusiasm about the completion of the Adani family’s primary infusion of Rs 20,000 crore into Ambuja. He highlighted that this capital injection not only provides flexibility for accelerated growth and effective capital management but also underscores their dedication to delivering sustainable value to stakeholders. Kapur reiterated their commitment to setting new standards, enhancing growth, and maintaining operational excellence, business synergies, and cost leadership.

The transaction benefited from advisory services provided by Barclays Bank, MUFG Bank, Mizuho Bank, and Standard Chartered Bank, as stated.