Adani's backed business aids Ambuja Cements raise Rs 50 billion
Cement

Adani's backed business aids Ambuja Cements raise Rs 50 billion

The Finance Committee of Directors gave Ambuja Cements clearance for the preferential issuing of warrants worth more than Rs 50 billion to Adani Group-backed company, Harmonia Trade and Investment through private placement. By giving Harmonia warrants, Ambuja will be better equipped to take advantage of the market's expansion.

Ambuja Cements announced last month that each warrant will be convertible into or exchanged for 1 fully paid-up Ambuja Cements equity share in cash aggregating up to Rs 200 billion, which may be exercised in one or more tranches during the period starting from the date of the warrants' allocation until the expiration of 18 months.

Also read:
Shree Cement appoints new MD for a five-year term
JSW Cement plans to invest in greenfield plants in MP and UP

The Finance Committee of Directors gave Ambuja Cements clearance for the preferential issuing of warrants worth more than Rs 50 billion to Adani Group-backed company, Harmonia Trade and Investment through private placement. By giving Harmonia warrants, Ambuja will be better equipped to take advantage of the market's expansion. Ambuja Cements announced last month that each warrant will be convertible into or exchanged for 1 fully paid-up Ambuja Cements equity share in cash aggregating up to Rs 200 billion, which may be exercised in one or more tranches during the period starting from the date of the warrants' allocation until the expiration of 18 months. Also read: Shree Cement appoints new MD for a five-year term JSW Cement plans to invest in greenfield plants in MP and UP

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?