On 16, September 2022, Newspapers all over India had headlines, “Adani Group acquires Ambuja and ACC to become India’s second-largest cement maker. Gautam Adani-led group said that it paid $6.4 billion (over 51,000 crores) in cash to acquire Switzerland-based Holcim's 63.1% stake in Ambuja Cements and 54.5% holding in ACC Limited.”