Adani Group likely to sell 2.84% in Ambuja Cements for Rs 4,200 crore

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Adani Group is set to sell a 2.84% stake in Ambuja Cements on Friday to raise approximately ₹4,200 crore through a block deal. The shares will be sold at a floor price of ₹600 each, a 5% discount to Thursday’s closing price. Adani Group’s current stake in Ambuja Cements stands at 70.33%.

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Adani Group likely to sell 2.84% in Ambuja Cements for Rs 4,200 crore

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