The company had entered into a strategic partnership with Holcim, the second-largest cement manufacturer in the world from 2006.

Holcim had, in January, bought a 14.8 percent promoters' stake in the GACL for ₹2,140 crore.

[5] From 2010 to 2022, Holcim held a 61.62% controlling stake in Ambuja Cements.

[6] On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets, and listed its stakes in Ambuja Cements and ACC for sale.

[7] On May 15, 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion.