Gautam Adani's family raises stake in Ambuja Cements for $799m

Gautam Adani's family raises stake in Ambuja Cements for $799m

Gautam Adani Photographer: Adeel Halim/Bloomberg

Indian billionaire Gautam Adani’s family infused 66.61 billion rupees (about $799 million) in Ambuja Cements, raising its stake to about 67% from 63.15%, to help ramp up the cement maker’s manufacturing capacity.