The Offer for Sale (OFS) will initially offer 175.4 million shares, representing a 13.5 per cent stake in Adani Wilmar, with an option to oversubscribe by an additional 84.4 million shares, or 6.5 per cent equity
Ambuja Cements, a key player in the cement and building materials industry and a part of the diversified Adani Portfolio, has inked a definitive agreement to acquire My Home Group’s 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu. The acquisition, valued at Rs. 413.75 Crores and funded through internal accruals, marks a strategic move […]
Adani Wilmar’s plan to meet the minimum public shareholding requirement involves its two promoter entities, Adani Commodities and Lence Pte, intending to sell approximately 1.6 crore shares, which represents 1.24 per cent of the company. This move aligns with regulatory obligations set by the Securities and Exchange Board of India, mandating companies to maintain a […]
Ambuja Cements, a key player within the Adani Group specialising in cement and building materials, has announced a substantial investment of Rs 6,000 crore dedicated to renewable energy projects. Their ambitious goal is to establish a robust capacity of 1,000 MW by leveraging solar and wind power initiatives. This investment plan spans across strategic locations […]
The Adani Group, led by Gautam Adani, is reportedly in discussions to divest its complete 43.97 per cent stake in Adani Wilmar, with the deal anticipated to be finalised within a month, as reported by a media house. Adani Wilmar, the owner of well-known brands like Fortune Oil and packaged groceries, is expected to fetch […]
Ambuja Cements, owned by the Adani Group, has reported a significant four-fold increase in its standalone net profit, reaching Rs 643.84 crore for the quarter ending in September 2023. This marks a notable surge compared to the net profit of Rs 138.9 crore in the same quarter of the previous year. The company’s standalone revenue […]
The the Board of Directors at Adani Ports and Special Economic Zone Limited has appointed M S K A and Associates, an independent member firm of BDO International, as the statutory auditors of the company to fill the vacancy caused by the resignation of Deloitte Haskins and Sells LLP. The new auditor will hold office […]
Ambuja Cements Ltd (ACL), the cement and building material company of Adani Cement and part of the diversified Adani Group on Thursday announced the acquisition of Sanghi Industries Ltd (SIL) at an enterprise value of Rs 5,000 crore. ACL will acquire 56.74 per cent shares of SIL from its existing promoter group, Ravi Sanghi and […]
Adani Group-owned company ACC’s net profits (profit after tax) more than doubled (rose 105 per cent) on a yearly basis during the April-June 2023 quarter at Rs 466 crore. In the same quarter last year, the net profits were Rs 227 crore. The company’s net revenue during the quarter rose 16 per cent to Rs […]
Adani Group’s copper-producing factory in Mundra, Gujarat is set to commence operations in March of 2024. This development is expected to reduce India’s reliance on imported copper and support the country’s transition towards clean energy. Copper plays a vital role in electrification as it is extensively used in various technologies crucial for the energy transition, […]
