Adani Promoter Arm Holderind Investments To Sell 2.84% In Ambuja Cement

The Group portfolio management—Holderind Investments—will sell approximately 6.99 crore shares, which is a 2.84% stake in Ambuja Cements.

NDTV Profit Desk

Published On

22 Aug 2024, 10:15 PM IST

Last Updated On

22 Aug 2024, 10:15 PM IST

File photo of Gautam Adani. (Source: Vijay Sartape/NDTV Profit)

Holderind Investments Ltd., a company owned by billionaire Gautam Adani and his family, plans to divest $500 million worth of shares or 2.84% stake in Ambuja Cements Ltd. The value of the deal is Rs 4197.8 crore at the floor price according to the terms of deal viewed by NDTV Profit.

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.

GET REGULAR UPDATES

Add us to your Preferences

Set as your preferred source on Google

RECOMMENDED FOR YOU

Gautam Adani Closes In On Asia’s Richest Title With $13 Billion Gain

timelogo

Adani Cement Sets World Record With Largest Raft Foundation For Religious structure

timelogo

Ambuja, UltraTech, Shree Cement Get Sharp Target Price Hikes — HSBC Bullish On Top Players

timelogo

UltraTech Cement To Sell 6.5% Stake In India Cements, Sets Floor Price

timelogo

POPULAR