Ambuja Cements shares climb nearly 4%; hit 52-week high on BSE
The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion, the company said in a statement on Wednesday.
Shares of on Thursday climbed nearly 4 per cent after billionaire 's family infused an additional Rs 8,339 crore in the firm to help the cement maker's manufacturing capacity. The stock jumped 3.88 per cent to Rs 640.95 -- its 52-week high -- on the .At the NSE, it climbed 3.27 per cent to Rs 637.80 apiece.
Billionaire Gautam 's family infused an additional Rs 8,339 crore in Ambuja Cements, raising its stake in the company to 70.3 per cent, to help the cement maker's manufacturing capacity.
The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion, the company said in a statement on Wednesday.
"The promoters of the company - Adani family - have fully subscribed to the warrants program in the company by further infusing Rs 8,339 crore, thereby infusing a total amount of Rs 20,000 crore," it said.
The latest infusion raises the Adani family stake in by 3.6 per cent to 70.3 per cent.
Source: Stocks-Markets-Economic Times
