![Adani Group promoters raise stake in Adani Enterprises](https://images.assettype.com/fortuneindia%2F2023-03%2Fbf436cab-b291-4df7-8492-37b2a74516dc%2FAdani_Image.jpg?rect=0,135,2048,1024&w=300&q=95)
Adani Group promoters raise stake in Adani Enterprises
Several entities owned by promoters of the Adani group executed purchases to acquire additional stake.
Several entities owned by promoters of the Adani group executed purchases to acquire additional stake.
Billionaire Gautam Adani and his family has infused another ₹8,339 crore in Ambuja Cements, raising their stake in the company by 3.6% to 70.3%.
Adani Family infused an additional ₹8,339 crore in Ambuja Cements, taking the total infusion to ₹20,000 crore under the warrants program.
Adani family raises stake in Ambuja Cements by 3.6% to 66.7%
Earlier this month, Adani Green Energy secured a $1.36 billion loan from an international bank consortium to boost its construction financing framework.
Ambuja Cements has allotted 47.74 crore warrants of the face value of ₹2 each at a price band of ₹418.87 to the Adani family firm Harmonia Trade and Investment
Company EGM passes resolution to raise ₹20,000 cr by issuing securities on a preferential basis to Adani group’s Harmonia Trade. Gautam Adani, his son Karan Adani also appointed to the Ambuja board.
Adani Group has made the open offer at a price of ₹385 per share for Ambuja Cements and ₹2,300 per share for ACC; the offer closes on September 9
The Adani group is deeply overleveraged, warns CreditSights.
Billionaire Gautam Adani, and his family have committed a donation of ₹60,000 crore to a range of social causes to mark the business tycoon's 60th birthday on June 24