Adani raises $5.25 bn from global banks to fund acquisition of Ambuja, ACC
Summary
After the acquisition of Ambuja Cements and ACC, Adani Group will turn its focus to raising the combined capacity to 100 mtpa, from the present-day 70 mtpa, thus taking on industry leader UltraTech, which has a current capacity of 120 mtpa.Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.We, however, have a request.As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. We believe in free, fair and credible journalism.