Adani Group looking to sell up to 5% stake in Adani Power, Ambuja Cements: Report

Promoters of Adani Group are looking to sell 5 per cent stake in Adani Power and Ambuja Cements each, the report claimed.

Updated on: Aug 22, 2024, 15:33:13 IST

By HT News Desk

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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.

Adani Group chairman Gautam Adani is seen. (ANI)

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In 2024, Ambuja Cements has seen an 18% rise in its stock while Adani Power has surged by 30%.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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Adani Group looking to sell up to 5% stake in Adani Power, Ambuja Cements: Report

Promoters of Adani Group are looking to sell 5 per cent stake in Adani Power and Ambuja Cements each, the report claimed.

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Read more: Google enters deal for $110 million US newsroom funding, but journalists and democrats oppose it