Mumbai: Adani Group is preparing to sell its equity stake in Ambuja Cement to raise funds. According to media reports, the promoter of Ambuja Cement ‘Adani Family Special Purpose Vehicle’ has sought permission from creditors for a possible stake sale. Adani Group may sell 4.5% stake in Ambuja Cement. Adani Group is preparing to raise Rs 3,000 crore from this. This decision will be taken on behalf of the group to repay the loan.
Adani Group did a deal for $10.5 billion
Ambuja Cement was acquired last year itself Adani Group had acquired Holcim Group’s entire stake in Ambuja Cement and ACC in September last year. The deal was done by Adani Group for $10.5 billion. Holcim sold 63.19% stake in Ambuja Cement Ltd and 54.53% stake in ACC to Adani Group. Adani Group had informed that GQG has acquired 3.4% stake in Adani Enterprises Ltd for $662 million (Rs 5,421 crore). While GQG acquired 4.1% of Adani Ports & Special Economic Zone Ltd for $640 million (Rs 5,240 crore), 2.5% of Adani Transmission Ltd for $230 million (Rs 1,883 crore) and Adani Green for $340 million (Rs 2,784 crore). acquired. Urja Limited has acquired 3.5% of the stock.
Repaid share loan of Rs 7,374 crore
Adani Group has repaid share loan of Rs 7,374 crore Adani Group has repaid share loan of Rs 7,374 crore. Adani Group is trying to win back investor confidence by allaying concerns over its credit profile. The group said that the promoters of Adani Enterprises will issue 3.1 crore shares or 4% stake, while the promoters of Adani Ports will issue 15.5 crore shares or 11.8% stake. Promoters of Adani Green Energy and Adani Transmission will sell 1.2% and 4.5% stake. Earlier in February, the group had repaid a debt of $1.11 billion.
Source link
!function(f,b,e,v,n,t,s)
if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘2638761196163484’);
fbq(‘track’, ‘PageView’);
info@websalespromotion.com. The content will be deleted within 24 hours.
