ADANI FAMILY FURTHER INFUSES ₹8,339 CR IN AMBUJA CEMENTS
The Free Press Journal|April 18, 2024
Raises its stake in the company to 70.3%. With this investment, it has completed ₹20K cr planned infusion
ADANI FAMILY FURTHER INFUSES ₹8,339 CR IN AMBUJA CEMENTS

Billionaire Gautam Adani's family-infused an additional Rs 8,339 crore in Ambuja Cements, raising its stake in the company to 70.3 percent, to help the cement maker's manufacturing capacity.

The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion, the company said in a statement.

"The promoters of the company - Adani family has fully subscribed to the warrants program in the company by further infusing Rs 8,339 crore, thereby infusing a total amount of Rs 20,000 crore," it said.

هذه القصة مأخوذة من طبعة April 18, 2024 من The Free Press Journal.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة April 18, 2024 من The Free Press Journal.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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