Adani Group's Ambuja Cements to Acquire My Home Group's 1.5 MTPA Tuticorin Facility.

Ambuja Cements Acquires My Home Group's Tuticorin Unit

- Acquisition for ₹413.75 crore.
- Aim to boost coastal presence in Tamil Nadu and Kerala.

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Strategic Advantages of Tuticorin Unit

- Location near port offers logistical advantage.
- Limited limestone availability in Tamil Nadu provides a competitive edge.
- Acquisition strengthens Ambuja Cements' regional foothold.

Ambuja Cements Acquisition Overview

- Facilitates smooth transition with existing dealer network and employees.
- Expected rapid utilization ramp-up.
- Adani family's increased stake supports growth plans.

Ambuja Cements Q3 Financial Performance

- 3% consolidated revenue increase.
- 70% rise in EBITDA.
- Net profit over 123%.
- Recent acquisitions driving growth.

Ambuja Cements Shares Rise

- Over 13% rise since year start.
- Stock gains over 55% in last year.
- Acquisition expected to boost shareholder value.

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