Ambuja Cement stock surges on shareholder nod to raise ₹20,000 cr
Company EGM passes resolution to raise ₹20,000 cr by issuing securities on a preferential basis to Adani group’s Harmonia Trade. Gautam Adani, his son Karan Adani also appointed to the Ambuja board.
Ambuja Cements rises 5% in weak trade; here’s why
Ambuja Cements shares have surged 87% in the past six months, from its 52-week low of ₹274 on March 8, 2022, to all-time high of ₹511.8 intraday today.
ACC, Ambuja Cements rise up to 5%; here’s why
Ambuja Cements share price gained 4.64% to hit a new all-time high of ₹457.5 on the BSE, amid open offer by Adani Group, which will close on September 9.
SJM targets Holcim-Adani deal; says sale must be taxed in India
RSS affiliate Swadeshi Jagran Manch wants tweaks in tax laws on capital gains for taxing the gains on stock market transactions.
Why cement stocks bucked positive broader market?
Shares of UltraTech Cement dropped 5% intraday after it announced a capital expenditure of ₹12,886 crore to increase its capacity.
Adani family makes open offer to acquire 26% of Ambuja Cements, ACC
Adani-owned Endeavour Trade and Investment Ltd has made the open offer at a price of ₹385 per share for Ambuja Cements and ₹2,300 per share for ACC Ltd.
No tax liability from sale of Ambuja Cements, ACC to Adani: Holcim
There will be no indemnity or tax liability for Holcim, says chief executive Jan Jenisch.
ACC, Ambuja cements shares surge 7% on acquisition deal with Adani group
Shares of ACC gained 7.16% to hit a high of ₹2,265, while Ambuja Cements rose 3.5% to ₹371.4 amid heavy volume on deal with Adani group.
Adani to buy Holcim's stake in Ambuja Cements, ACC in $10 billion deal
The value for the Holcim stake and open offer consideration for Ambuja Cements and ACC is around $10.5 billion, making this the largest ever acquisition by Adani.
This cement stock surges 30% in one month on sell-off buzz
Ambuja Cements shares rose 29.5% so far this month, from ₹299.2 to over a three-month high of ₹387.45 in intraday trade on Tuesday.