Which Indian conglomerate became the new owner of ACC and Ambuja Cements after acquiring Holcim’s India business?
Question and options
Which Indian conglomerate became the new owner of ACC and Ambuja Cements after acquiring Holcim’s India business?
- JSW Group
- Aditya Birla Group
- Reliance Industries
- Adani Group
Answer and explanation
Correct answer: D - Adani Group
In 2022 the Adani Group bought Holcim's controlling stake in Ambuja Cements and, through it, in ACC, which made Adani the new owner of both companies. The Aditya Birla Group's cement business is UltraTech, and JSW Group runs JSW Cement; neither bought Holcim's Indian business.
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