Adani infuses Rs 8,339 cr more in Ambuja, raises stake to 70.3%
Millennium Post Delhi|April 18, 2024
Billionaire Gautam Adani's family-infused an additional Rs 8,339 crore in Ambuja Cements, raising its stake in the company to 70.3 per cent, to help the cement maker's manufacturing capacity.
Adani infuses Rs 8,339 cr more in Ambuja, raises stake to 70.3%

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. The latest infusion raises the Adani family stake in Ambuja Cement by 3.6 per cent to 70.3 per cent.

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