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Ambuja Cements gets shareholders' nod to raise Rs 20,000 crore from Adani group firm

10 Oct 2022 Evaluate

Ambuja Cements has received shareholders' approval to raise Rs 20,000 crore from Adani group firm. The Extraordinary General Meeting (EGM) has passed the special resolution proposing to raise Rs 20,000 crore by issuing securities on a preferential basis to Harmonia Trade and Investment, an Adani group entity, with 91.37% votes.

Ambuja Cements is engaged in manufacturing and marketing of cement and clinker for both domestic and export markets.

Peers
Company Name CMP
Ultratech Cement 11100.00
Ambuja Cements 384.75
ACC 1236.65
Shree Cement 22342.90
Dalmia Bharat 1698.10
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