MUMBAI: Holderind Investments, an Adani group promoter entity of Ambuja Cements, is promoting almost 7 crore shares of the corporate, representing 2.8% of its fairness capital to boost about Rs 4,200 crore by means of block offers on Friday. The shares are being supplied at a flooring worth of Rs 600 – a 5.2% low cost to Ambuja Cement’s closing worth on the BSE on Thursday, sources mentioned.
As of June 30 this yr, the Gautam Adani-led group by means of its varied arms held about 70.3% within the cement main, shareholding disclosures on the BSE confirmed. After the deal, its holding within the firm would fall to 67.5%.
In Oct 2022, Ambuja Cements had issued warrants to the promoter group which had been transformed into fairness shares in March this yr. Consequently, the promoter group’s whole holding within the cement maker had gone up from about 63% to 70.3%. Earlier within the day, a information report had mentioned that the group was eyeing to pare its stake in Ambuja Cements and Adani Energy to boost funds to pare debt.
As of June 30 this yr, the Gautam Adani-led group by means of its varied arms held about 70.3% within the cement main, shareholding disclosures on the BSE confirmed. After the deal, its holding within the firm would fall to 67.5%.
In Oct 2022, Ambuja Cements had issued warrants to the promoter group which had been transformed into fairness shares in March this yr. Consequently, the promoter group’s whole holding within the cement maker had gone up from about 63% to 70.3%. Earlier within the day, a information report had mentioned that the group was eyeing to pare its stake in Ambuja Cements and Adani Energy to boost funds to pare debt.
