ET Intelligence Group: The acquisition of Holcim’s 63.11% stake in Ambuja Cements by Adani Group for $10.5 billion (around ₹81,361 crore) is likely to change a few important dynamics of India’s cement industry. First, it will make Adani Group the second-largest cement maker with a combined capacity of close to 70 million tonnes (MT) after UltraTech, which has a capacity of 120 MT. Second, Adani’s entry may affect the pricing trend in the sector.