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Adani Group to infuse Rs 20,000 crore into Ambuja Cements via preferential share allotment
Adani brought back former Ambuja Cement CEO and managing director Ajay Kapur to lead the company in the same role, taking over from Neeraj Akhoury. Meanwhile, Sridhar Balakrishnan will continue to lead ACC but with a changed designation of whole-time director and CEO (from managing director and CEO.) Vinod Bahety has taken over as the chief financial officer of both companies.