Adani Group Sells ₹4,200 Crore Stake in Ambuja Cements, Shares Rise 4%
Adani sold 2.8% of Ambuja Cements, raising ₹4,200 crore. The stock surged 4%. Ambuja to acquire Penna Cement. On Friday, Gautam Adani’s company sold about 2.8% of its stake in Ambuja Cements through a pre-market deal worth ₹4,200 crore. This sale caused Ambuja Cements’ stock to jump 4% to ₹659.70 at the start of trading. … Read more