In October 2022, Ambuja Cements issued warrants totalling ₹20,000 crore to the Adanis on a preferential basis at ₹418.8 per share. The company received ₹5,000 crore, or 25%, of the warrant issue as the mandatory upfront payment.
RBI’s playing aggressively in currency market in FY25
Latest data published by the RBI showed that in April and May, the central bank purchased dollars worth $8 billion and $23.6 billion, respectively, in