Ambuja Cements to raise funds from Adani Group

11 Oct 2022 CW Team

All resolutions in Ambuja Cements' EGM, including those to raise Rs 200 billion from an Adani group company and appoint Gautam Adani and others to the board of directors, have been approved by shareholders.

With 91.37% of the vote, the Extraordinary General Meeting (EGM) approved the special resolution that sought to raise Rs 200 billion by issuing securities on a preferential basis to Harmonia Trade and Investment, a member of the Adani group.

The shareholders also adopted resolutions appointing four independent directors, two directors, and the chairman of the Adani Group, Gautam Adani, to the board of Ambuja Cements.

All special motions concerning the nomination of impartial directors, the revision of the Articles of Association (AoA), and the transfer of the company's registered office to Adani Corporate House in Ahmedabad were also passed by the shareholders.

Also read:
JSW Cement secures Rs 4 billion sustainability-linked loan
Swiss agency moots LC3 tech for cement industry

Infrastructure Urban

09 Jan 2026

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..

Sources Unlimited Introduces Vitamine Pendant Lamp by Melogranoblu

Sources Unlimited has launched the Vitamine Pendant Lamp by Melogranoblu in India, expanding its portfolio of curated international luxury lighting solutions. Designed and crafted in Italy, the Vitamine pendant reflects contemporary glass artistry, combining hand-blown craftsmanship with refined aesthetics and atmospheric illumination.The Vitamine Pendant Lamp is sculpted in hand-blown glass and is available in frosted, silver and black metallised finishes. Each finish offers a distinct visual identity while maintaining a cohesive and sophisticated design language. The lamp’s softly contoure..