Ambuja Cements allots 477-million warrants to Adani family firm

20 Oct 2022 CW Team

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:

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..