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.

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.

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