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This is the first major deal by ports-to-power conglomerate Adani Group after the Hidenburg report alleged financial misconduct at the company
Ambuja Cement on Thursday announced the acquisition of a majority stake in Sanghi Industries, one of the leading cement manufacturers from western India, at an enterprise value of Rs 5,000 crore
The US-based market watchdog, Hindenburg, published a report on 25 January accusing the Indian mega-conglomerate Adani Group of a litany of dirty financial dealings, triggering mass sell-offs that have so far wiped at least $100 billion off its value.