Top 5 High-profile mergers and acquisitions of 2022 (Part II)

4) Adani Group/Ambuja Cement Merger

The Adani Group, a giant conglomerate based in Gujarat, India, took a giant step into the construction industry when it announced its majority stake acquisition of the leading cement producer, Ambuja Cement, in 2022.

In 2022, Adani Group acquired a majority stake in the leading cement producer, Ambuja Cement. This major move was part of Adani’s plan to expand its reach into the building and construction industry.

With this acquisition, the Adani Group has become the largest cement producer in India, with a significant market share. In addition to cement production, Ambuja Cement also operates an extensive distribution network across India, allowing Adani to expand its presence in previously challenging markets.

With this, Adani will now be able to serve customers all over India with a wide range of products, from building materials to construction machinery. This move by Adani is expected to benefit both companies and help them capture more market share in India’s growing construction industry.

5) Zomato/Blinkit

In 2022, Zomato acquired Blinkit, a cloud-based delivery technology company, for Rs 4,447 crore ($567 million). The acquisition is aimed at helping Zomato further expand its operations into hospitality and grocery management solutions, catering to households, restaurants, retail, and other B2B entities. With this acquisition, Zomato will also gain access to Blinkit’s suite of products that provide vivid services, such as point-of-sale printing and electronics.

With this, the company will also be able to step foot in the quick commerce field. The acquisition is expected to accelerate Zomato’s growth plans as they expand into multiple verticals with the acquired technology.

Bottom Line

The Indian economy has been booming in recent years, leading to several high-profile mergers and acquisitions across the country. In 2022 alone, India saw many noteworthy M&A deals that helped shape the Indian business landscape.

In this blog series, we’ve looked at India’s top 5 most high-profile mergers and acquisitions of 2022. We’ve also provided an overview of each deal, including what companies were involved, the terms of the agreement, and the impact it had on the economy.

This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise.?AKGVG & Associates?does not intend to advertise its services through this.