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News Adani Group to sell stake in Ambuja Cements

Adani Group to sell stake in Ambuja Cements

Written by Global Cement staff 23 August 2024
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India: Adani Group is planning to sell a 2.84% stake in Ambuja Cements through its entity Holderind Investments, aiming to raise US$500m. The sale of 69.96 million shares will be at a price of US$7.15 per share. This move is part of a strategy to divest part of its substantial 70.33% holding in the cement company. Holderind Investments itself accounts for 50.90% of this ownership.

Last modified on 28 August 2024
Published in Global Cement News
Tagged under
  • India
  • Adani Group
  • Ambuja Cements
  • Stake
  • Shares
  • Divestments
  • GCW674

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