Heidelbergcement India shares hit 52-week high on report of Adani buyout talks
Riding high on buyout rumors, shares of Heidelbergcement India surged 17.95% to touch a new 52-week high of ₹257.85 on the BSE.
Riding high on buyout rumors, shares of Heidelbergcement India surged 17.95% to touch a new 52-week high of ₹257.85 on the BSE.
The Adani Group company posted 300% YoY growth in consolidated net profit at ₹945 crore in Q4 FY24, while revenue was up 13% ₹5,409 crore.
The acquisition of My Home Group's cement unit in Tuticorin will take Adani Group’s total cement capacity to 78.9 MTPA.
Adani family raises stake in Ambuja Cements by 3.6% to 66.7%
Between Mar and Sept 2023, only ATGL and AESL added 2,79,021 new subscribers, while AEL, Adani Ports, Adani Green, and Adani Power lost cumulatively 7,28,084 retail shareholders.
Adani group companies, Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, ACC, and Ambuja Cements eye net-zero emissions by 2050
Adani Total Gas shares touched its 20% upper circuit limit, while Adani Energy Solutions, Adani Power, Adani Enterprises, NDTV, Adani Green rose between 10-19%.
Adani Cement, through Endeavour Trade and Investment, has signed agreements with international banks to refinance $3.5 billion debt taken for acquisition of Ambuja Cements and ACC last year
Barring Adani Enterprises, Adani Ports, ACC, and Ambuja Cements, shares of six listed Adani group stocks ended higher today.
Adani Green Energy was the best performer among the group stocks with 15.58% increase in market cap, while NDTV was the least performer with 0.61% rise in value.