Adani set to shake things up at Ambuja Cements, ACC

The two cement companies will see changes in their senior management and a shift in strategy as an aggressive Adani looks to close the gap with industry leader UltraTech.

Once the customary open offer for Ambuja Cements and ACC shares comes to a close on Friday, Gautam Adani is set to effect multiple changes, including in the senior leadership, at the two cement companies that his Adani group bought from Swiss major Holcim in a $10 billion acquisition in May. 

Three executives from the industry, with direct knowledge of the matter and on condition of anonymity, told The Morning Context that Neeraj Akhoury, managing director and chief executive officer of Ambuja Cements, had already put in his papers. While chief financial officer Rajani Kesari may also be on her …


Prince M. Thomas

Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.

Managing Editor