Adani Group to Sell $500M Ambuja Cement Shares

23 Aug 2024 CW Team

Adani Group promoters are preparing to sell a 3% stake in Ambuja Cement, valued at approximately $500 million. This strategic move aims to raise funds and optimise their investment portfolio. The sale will involve a significant number of shares, marking a notable transaction in the Indian cement industry.

The decision to divest comes as part of a broader strategy by the Adani Group to streamline its investments and focus on core business areas. This sale is expected to attract substantial interest from institutional and individual investors looking to capitalise on Ambuja Cement's strong market position.

Ambuja Cement, one of India's leading cement producers, has shown robust performance and steady growth, making its shares a valuable asset. The proceeds from this sale will likely be reinvested into other strategic ventures or used to enhance the group's overall financial stability.

Market analysts anticipate that this move could impact Ambuja Cement?s stock performance, depending on investor sentiment and market conditions. The transaction reflects the Adani Group's ongoing efforts to manage its investment portfolio proactively and respond to evolving market dynamics.

Infrastructure Transport

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..