Ambuja Cements allots 477-million warrants to Adani family firm
Cement

Ambuja Cements allots 477-million warrants to Adani family firm

Ambuja Cements said that it raised Rs 50 billion by issuing 477.4 million warrants to Adani family enterprise Harmonia Trade and Investment.

Ambuja Cement, which is now part of Adani Cement, said the warrants were issued at a price band of Rs 418.87.

Ambuja Cement stated that the Adani family firm's commitment of Rs 50 billion represents 25% of the restricted offered price.

In an EGM on October 8, shareholders of Ambuja Cements accepted proposals, including the resolution to raise Rs 200 billion from the Adani family firm by issuing warrants.

Also Read
JSW Cement to set up new cement plants with Rs 3,200 bn investment
Shree Cement appoints new MD for a five-year term

Keywords:

Ambuja Cements said that it raised Rs 50 billion by issuing 477.4 million warrants to Adani family enterprise Harmonia Trade and Investment. Ambuja Cement, which is now part of Adani Cement, said the warrants were issued at a price band of Rs 418.87. Ambuja Cement stated that the Adani family firm's commitment of Rs 50 billion represents 25% of the restricted offered price. In an EGM on October 8, shareholders of Ambuja Cements accepted proposals, including the resolution to raise Rs 200 billion from the Adani family firm by issuing warrants. Also Read JSW Cement to set up new cement plants with Rs 3,200 bn investment Shree Cement appoints new MD for a five-year term Keywords:

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code