Adani warrant conversion deadline may boost Ambuja Cements

09 Feb 2024 CW Team

The spotlight in the upcoming weeks may fall on Ambuja Cements' shares as the Adani Group's eighteen-month deadline to convert its warrants into the company's shares approaches on April 18.

In October 2022, Ambuja Cements issued warrants worth Rs 200 billion to the Adani Group on a preferential basis at Rs 418.8 per share. A mandatory upfront payment of Rs 50 billion, constituting 25% of the warrant issue, was received by the company.

As the deadline approaches, the Adani Group is required to bring in an additional Rs 150 billion. Failure to convert the warrants would result in the forfeiture of the Rs 50 billion payment made by the conglomerate.

At present, Ambuja Cements' stock is trading at Rs 555, reflecting a 32% premium over the issue price of Rs 418.8.

According to SP Tulsian, an independent market analyst, "Amidst the ongoing infrastructure surge and the influx of capital for capital expenditures, Ambuja's stock is poised for strong performance in the short term. Despite investor awareness regarding warrant conversion, the impending event is anticipated to have a positive impact."

The conversion of warrants into shares would increase the Adani Group's stake in Ambuja from 63.19% to 70.33%. In 2022, the Adani Group declared its acquisition of Swiss cement major Holcim's stake in Ambuja Cements and ACC. Over the past three months, the stock has rallied by 32%, and in the last year, it has seen a 57% increase, compared to the 14% and 24% gains in the Nifty during the respective periods.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..