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Published 14 days ago

Ambuja Cements Shares Rise After Adani Group Increases Stake

Summary by NDTV Profit

Shares of Ambuja Cements Ltd. rose over 3% on Thursday after its parent, the Adani Group, infused Rs 8,339 crore into the company. After the infusion, the conglomerate's stake in the cement manufacturer increased to 70.3% from 63.2% earlier. The total capital infusion by the Adani Group stood at Rs 20,000 crore under the warrants programme, according to a statement to the exchanges.The fresh investment follows Rs 5,000 crore infused in October 2…

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Ambuja Cements Shares Rise After Adani Group Increases Stake

Shares of Ambuja Cements Ltd. rose over 3% on Thursday after its parent, the Adani Group, infused Rs 8,339 crore into the company. After the infusion, the conglomerate's stake in the cement manufacturer increased to 70.3% from 63.2% earlier. The total capital infusion by the Adani Group stood at Rs 20,000 crore under the warrants programme, according to a statement to the exchanges.The fresh investment follows Rs 5,000 crore infused in October 2…

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