Which Indian conglomerate became the new owner of ACC and Ambuja Cements after acquiring Holcim’s India business?
Which Indian conglomerate became the new owner of ACC and Ambuja Cements after acquiring Holcim’s India business?
Solution
✅ Correct Option: 4
The Adani Group acquired Holcim's stakes in Ambuja Cements and ACC in 2022, making Adani a major cement producer in India.
Option 1: JSW Group has its own cement business, JSW Cement, along with its flagship steel business, JSW Steel.
Option 2: The Aditya Birla Group owns UltraTech Cement, India's largest cement company by capacity.
Option 3: Reliance Industries is mainly known for businesses such as Jio, Reliance Retail, energy and petrochemicals.
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