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Ambuja Cements Pledges 50% Share In ACC As Collateral For Loans

The company pledged its total 9.39 crore shares of ACC Ltd on September 26, 2022.
The company pledged its total 9.39 crore shares of ACC Ltd on September 26, 2022.
Ambuja Cements, now controlled by billionaire Gautam Adani-led Adani Group, on Wednesday said it has pledged 50.5 per cent shareholding in its subsidiary ACC Ltd as "collateral for loans taken by the company".
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