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Adani family to reduce stake in three group firms to raise ₹42,000 cr
The New Indian Express
|August 23, 2024
THE promoters of Adani Group are likely to reduce stake in three group entities Adani Power, Ambuja Cement and Adani Wilmar - to raise ₹42,000 crore.
The money thus raised will be used to pare the debt of the group, industry sources told TNIE. Adani Group has a total debt of 1.81 lakh crore as on March 31, 2024.
This story is from the August 23, 2024 edition of The New Indian Express.
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