For instance, Adani Group increased its stake in Ambuja Cement from 63.15% to 66.70% in the March quarter by converting the warrants issued in October 2022. Aditya Birla Group increased its stake in Grasim by 31 basis points to 43.06% in the March quarter by subscribing to the rights issue.
Gold under pressure from high US bond yields in holiday trading week
Gold prices decreased by 0.6% to $2,619.33 per ounce as elevated U.S. Treasury yields reduced bullion’s appeal during a lean holiday week. The market’s focus