Ambuja Cements shares surge 4% amid block deal buzz; promoter Adani family likely seller
Adani Group-owned Holderind Investments was looking to sell 2.84% stake in Ambuja Cements through block deal at a floor price of ₹600 per share.
Adani Group-owned Holderind Investments was looking to sell 2.84% stake in Ambuja Cements through block deal at a floor price of ₹600 per share.
PCIL brings to the table a substantial cement capacity of 14 MTPA, with 10 MTPA already operational, and the remaining 4 MTPA is under construction
Adani Group focused on containing debt, and reducing founders share pledges in FY24, Jefferies says
The sales volume of Ambuja Cements improved by 17% to 16.6 million tonnes (MnT) during the quarter under review, as against 14.1 MnT in the March quarter of FY23.
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.
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%
According to the cement major, it is planning to set up a 600 MW solar power project and 150 MW wind power project, respectively, in Gujarat and a 250 MW solar power project in Rajasthan.
Adani group companies, Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, ACC, and Ambuja Cements eye net-zero emissions by 2050