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.
7 mutual fund NFOs will open for subscription this week
Seven mutual funds, including index, small cap, thematic, ETF, and FoF schemes, will open for subscription between June 23–27, aiming to diversify offerings and attract