Ambuja Cements is owned by Adani Group (India), which acquired the brand on 16 September 2022 from Holcim, as part of a $6.5 billion deal that also included ACC.[1][2][3]
Adani Group owns 63.15% of Ambuja Cements rather than all of it.
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Ambuja Cements is a major Indian cement producer previously controlled by Switzerland's Holcim, which had held 63.19% of it. Adani's own newsroom states that on 16 September 2022 the Adani family, through the SPV Endeavour Trade and Investment Ltd, completed the purchase of Holcim's stake alongside an open offer to public shareholders, ending with 63.15% of Ambuja Cements. Ambuja Cements is itself the majority owner of ACC, so the same 2022 deal made Adani India's second-largest cement group in a single transaction.
Adani Group is a privately held company headquartered in Ahmedabad, India, founded in 1988. Brandtree records 2 brands under its control.
The Adani Group is an Indian conglomerate founded by Gautam Adani in Ahmedabad in 1988, spanning ports, power, renewable energy, airports, mining and other infrastructure. It entered the cement industry on 16 September 2022, when a special-purpose vehicle set up by the Adani family, Endeavour Trade and Investment Ltd, completed the USD 6.50 billion acquisition of Holcim's entire stakes in Ambuja Cements Ltd and ACC Ltd, making Adani India's second-largest cement producer at a stroke.
Brandtree records a controlling owner for 288 brands that began in India.
9 of them (3%) are now controlled by a company headquartered in another country; Ambuja Cements is not one of them.
The Adani family, through a special purpose vehicle, bought Holcim out of its Indian cement business. Holcim had announced on 15 May 2022 that it would sell its 63.19 per cent stake in Ambuja Cements and its 54.53 per cent stake in ACC (of which 50.05 per cent was held indirectly through Ambuja) to Adani; the sale closed on 16 September 2022, after mandatory open offers to Ambuja's and ACC's public shareholders, at a stated value of USD 6.50 billion for the Holcim stake and open offer consideration combined. This was not a purchase of either company outright: it transferred control, not full ownership. After completion Adani held 63.15 per cent of Ambuja Cements directly, and reached 56.69 per cent of ACC through a combination of a small direct stake and Ambuja's pre-existing 50.05 per cent holding in ACC — the same Ambuja-in-ACC stake the dataset already records as at completion. Public shareholders continued to hold the remainder of both companies on the Indian stock exchanges. The transaction made Adani India's second-largest cement producer and put the Ambuja Cement and ACC brands under Adani ownership in place of the Swiss group that had controlled them since the 2000s (ACC) and 2006 (Ambuja, via Holcim's predecessor Holcim Ltd/Lafarge-Holcim lineage).
The parent company of Ambuja Cements is Adani Group, a privately held company headquartered in India.
Is Ambuja Cements owned by Holcim?
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No. Ambuja Cements is owned by Adani Group, not Holcim.
Is Ambuja Cements Indian?
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Yes. Ambuja Cements originated in India and its owner, Adani Group, is also headquartered in India.
When did Adani Group buy Ambuja Cements?
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Adani Group completed its acquisition of Ambuja Cements on 16 September 2022, after announcing the deal on 15 May 2022. The deal, which also included ACC, was valued at $6.5 billion.
Is Ambuja Cements still owned by Adani Group?
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Yes. As of 25 September 2026, Ambuja Cements is still owned by Adani Group (63.15% stake). The ownership record was last checked against primary sources on that date.
Sources (3) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
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