Adani family pumps ₹6,661 cr into Ambuja Cements
Adani family raises stake in Ambuja Cements by 3.6% to 66.7%
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.
Shares of nine out of 10 listed companies of the Adani group trading in positive territory today. Adani Ent up 3.78%.
Large investments in roads and infrastructure projects will fuel cement demand, says Moody's.
The value for the Holcim stake and open offer consideration for Ambuja Cements and ACC is around $10.5 billion, making this the largest ever acquisition by Adani.