The Adani family on Wednesday converted the final tranche of warrants issued for Ambuja Cements, investing another 8,339 crore in the cement company. With this, Adani's promoter stake in Ambuja Cements has increased to 70.3 per cent, 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 ₹8,339 crore, thereby infusing a total amount of 20,000 crore," Ambuja Cements said in its statement.
This story is from the April 18, 2024 edition of Business Standard.
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This story is from the April 18, 2024 edition of Business Standard.
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