Adani Group is looking to trim debt by cutting promoter holdings in group companies such as Adani Power and Ambuja Cements, CNBC Awaaz reported, citing unnamed sources.
Promoters of Adani Group are looking to sell 5 per cent stake in Adani Power and Ambuja Cements each, the report claimed. Adani Group has not commented on this development.
At the end of June quarter, promoters held a 72.71% stake in Adani Power and a 70.33% stake in Ambuja Cements.
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