Adani family invests ₹6,661 crore in Ambuja Cements, raises stake to 66.7%
The promoters have infused ₹11,661 crore so far in Ambuja Cements after they took control of the cement maker from Switzerland's Holcim.
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The promoters have infused ₹11,661 crore so far in Ambuja Cements after they took control of the cement maker from Switzerland's Holcim.
This comes after the promoter infused Rs 5,000 crore earlier by exercising the warrants issuance approved by the board in October 2022.
Ambuja Cements' announcement to invest Rs 6,000 crore comes after the Gautam Adani-led conglomerate announced that it would invest $100 billion in green energy transition over a decade.
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The shares of Ambuja Cements hit a record high of Rs 567.9, rising 9.99 per cent against the previous close of Rs 516.30 on BSE after the Adani Group said it would infuse Rs 20,000 crore into Ambuja Cements through a preferential allotment of shares.