Adani Group raises Ambuja stake by converting warrants

April 18, 2024

The Adani Group has increased its stake in Ambuja Cements by 3.6%, bringing it to 70.3%, through the conversion of warrants into equity. The Adani family, promoters, fully subscribed to the warrants program by injecting Rs 8,339 crore out of the total Rs 20,000 crore. The additional investment will fortify the company’s financial position, providing it with enhanced capabilities to pursue its ambitious growth plans and capitalize on emerging market opportunities.

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