Adani Group said to plan Rs 3,000 cr Ambuja, APSEZ buybacks

January 30, 2023

The share price of Ambuja Cements plunged as much as 25% on Friday, its steepest intra-day fall since 2006. The stock closed 17% lower at ₹380.45. The Adani Ports stock declined 23% last week, and 16.3% on Friday alone, to close at ₹596.95, its lowest close since February 11, 2021.

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