Adani would infuse 20,000 crore into Ambuja Cements through a preferential allotment of shares

On 16thsept  after the aqusition of Ambuja Cement and its subsidiary ACC , now Adani group is became biggest conglomerate by market cap

The assets look to "further reinforce" Ambuja's accounting report, and meet the capital prerequisites for limit upgrade, further acquisitions and interests in innovation.

The shares could be issued to harmonia trade and investment, that's indexed as a promoter entity of adani green power

This preferential allotment trumps the ₹16,824-crore issuance by reliance industries nse -2. 48 % in 2008 in favour of its promoters.

The stock ended at ₹516. Three at the bse on friday, 4. 19% lower than the preceding close. It has gained over forty% since the deal among the adani group and holcim became announced.

The two companies together personal the second one biggest cement capacity inside the indian marketplace - handiest behind aditya birla group's ultratech cement

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