Adani Group: brands it owns and its ownership tree
Adani Group is a privately held company headquartered in Ahmedabad, India that owns 2 consumer brands across 2 categories, and has 1 recorded transaction.[1]
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.
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).
Adani Group owns 2 consumer brands tracked here, including Ambuja Cements and Adani Airports Holdings.
Is Adani Group an Indian company?
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Yes. Adani Group is headquartered in Ahmedabad, India and was founded in 1988.
Who owns Adani Group?
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Adani Group is privately held. 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.
What was Adani Group's most recent acquisition?
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The most recent completed acquisition recorded here is Ambuja Cements and ACC on 16 September 2022.
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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