Ambuja Cements had allotted 477.4 million convertible warrants to Harmonia Trade and Investment, a part of the Adani family, in October 2022. The Adani family had made an upfront payment of ₹5,000 crore while the remaining ₹15,000 crore was to be paid within the next 18 months.
Of this, the family has paid ₹6,661 crore in March this year.
This story is from the April 12, 2024 edition of Financial Express Mumbai.
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This story is from the April 12, 2024 edition of Financial Express Mumbai.
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