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Adani family infuses Rs 20,000 cr in Ambuja Cements’ warrants program
Ambuja Cements announced that the Adani family has fully subscribed to the warrants program in the Company by further infusing Rs 8,339 crore thereby infusing total amount of Rs 20,000 crore. Adani family have increased their stake in the Company by further 3.6% to 70.3%. This follows, the investment of Rs 5,000 crore on 18 October 2022 and Rs 6,661 crore on 28 March 2024, which was for part issuance of the shares.