GQG buys 17.1 million shares of Ambuja Cements via block deal

August 23, 2024

Adani Group’s Holderind Investments sold approximately 68 million shares. Following the transaction, Ambuja’s stock initially jumped 4%. The Adani Group now holds a 70.33% stake. Recently, Ambuja enhanced its market share by acquiring Penna Cement, broadening its influence in southern India.

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