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For instance, Adani Group increased its stake in Ambuja Cement from 63.15% to 66.70% in the March quarter by converting the warrants issued in October 2022. Aditya Birla Group increased its stake in Grasim by 31 basis points to 43.06% in the March quarter by subscribing to the rights issue.
The latest shareholding pattern shows that GQG's ownership rose 202 basis points (bps) from 2.51% in December to 4.53% in the March quarter. In the case of Adani Power, the FII's stake rose from 1.33% to 5.2% sequentially.
The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion, the company said in a statement on Wednesday.
The Adani Group has increased its stake in Ambuja Cements by 3.6%, bringing it to 70.3%, through the conversion of warrants into equity. The Adani family, promoters, fully subscribed to the warrants program by injecting Rs 8,339 crore out of the total Rs 20,000 crore. The additional investment will fortify the company's financial position, providing it with enhanced capabilities to pursue its ambitious growth plans and capitalize on emerging market opportunities.
The Adani family has fully subscribed to Ambuja Cements' warrants program, infusing an additional Rs 8,339 crore to raise their stake by 3.6%. The total amount infused now stands at Rs 20,000 crore, with their total stake in the cement company at 70.3%. The investment aims to achieve a capacity of 140 million tonnes per annum by 2028 and enable strategic initiatives such as debottlenecking capex and enhancing operational performance.
FIIs increase stake in 6 Adani stocks, LIC sees smart profit. Adani Ports, Green Energy, Wilmar, Power, Total Gas, NDTV ownership rises. PSU insurer, Ahmedabad conglomerate, ACE Equity observed. Mutual funds, retail investors, Adani Energy affected. Tata, Ambuja Cements, Hindenburg, Cantor Fitzgerald mentioned.
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Adani's Ambuja Cements to buy My Home Group's grinding unit in TN for Rs 413.75 croreAmbuja Cements, part of the Adani Group, is set to acquire My Home Group's Tuticorin cement grinding unit in Tamil Nadu for Rs 413.75 crore. The deal enhances their coastal presence in southern markets, adding 1.5 MTPA capacity and leveraging existing infrastructure and employee base for a smooth transition.
Adani Group targets 20% share in Indian cement market by FY28Gautam Adani-led Adani group, which owns Ambuja Cements and ACC Ltd, is targeting to capture around one-fifth of the Indian cement market by FY28. Adani Cement business will implement its accelerated capex program through internal accruals and the business will continue to "remain debt free," said an investor presentation shared by Ambuja Cements.
All Adani group stocks in heavy demand; Adani Energy jumps over 8%All listed Adani group stocks were in the limelight on Monday, with Adani Energy climbing over 8 per cent, as investors flocked to the counters amid a positive trend in the broader market.
Adani emerges from Hindenburg blow stronger, sets sights on bigger thingsThe group has initiated various expansions and investments, including the establishment of a $1.2 billion copper plant, acquisition of a port in Odisha, increased ownership in a cement company, and formed a strategic partnership with rival Mukesh Ambani's Reliance Industries.
Adani cements its Ambuja stake with₹6,661 cr infusionThe Adani family has invested ₹6,661 crore in Ambuja Cements, increasing its stake to 66.7%. This marks the second fund infusion since late-2022, when ₹5,000 crore was invested through warrants. The total investment of ₹11,661 crore aims to enhance capital flexibility for growth and strategic initiatives. Adani Cement, comprising ACC and Ambuja Cements, targets a production capacity of 140 million tonnes by 2028. The funds will support capacity expansion, operational efficiency, and strategic initiatives, including resource optimization and supply chain enhancements.
Adani family invests another Rs 6,661 crore in Ambuja CementAdani family invests Rs 6,661 crore in Ambuja Cement, increasing stake to 66.7%. The fund infusion will be instrumental in increasing the capacity to 140 million tonnes per annum by 2028.
GQG Partners' contra bet on Adani Group pays off as investment value doubles to Rs 35,000 cr in a yearDespite initial challenges, Adani Group's stocks saw significant growth post the Hindenburg report. Investments by GQG Partners, under Rajiv Jain's lead, doubled in value. The group's strategic decisions and market developments fueled this remarkable recovery.
Hemang Jani on 3 Adani group stocks that could be great election playsHemang Jani says there is no need to react in a knee-jerk manner. The correction is providing a great opportunity. advises The market correction presents opportunity for balanced investment in largecaps, midcaps, and smallcaps. Adani, Ambuja, ACC, IDFC First, PSU banks, BEML, Max Health, Apollo Hospitals, Lemon Tree, Indian Hotels are good buys.
Sanghi Industries shares fall over 9% as Ambuja Cement to divest stake"Ambuja Cements Limited, the promoter of the Company, has conveyed to us their intention to sell the Equity Shares to enable us to comply with minimum public shareholding norms," Sanghi Industries said in an exchange filing.
Sanghi Industries gets shareholder nod for related-party transactionsSanghi Industries secures shareholders' consent for related-party transactions with ACC, Ambuja Cements, and Adani Enterprises. Despite some opposition, the resolutions pass, allowing the company to sell its cement and clinker to ACC and Ambuja, and purchase coal from Adani Enterprises.
Sanghi gets shareholders' nod for related-party transactionsOf the public institutions that voted, a little over 93% were in favour of the transactions related to ACC and Ambuja Cements. Voting in non-institutional public shareholders showed nearly 86% in favour of the transaction.
InGovern Research advises Sanghi shareholders to vote in favour of resolutionsGujarat-based Sanghi Industries, in which Ambuja Cements acquired a majority stake last year, has called for an extraordinary general meeting on Feb 8, Thursday to get shareholders’ consent.
Ambuja Cements may get a lift as Adani warrant conversion deadline nearsIn October 2022, Ambuja Cements issued warrants totalling ₹20,000 crore to the Adanis on a preferential basis at ₹418.8 per share. The company received ₹5,000 crore, or 25%, of the warrant issue as the mandatory upfront payment.
My bat did the talking: Gautam Adani after 1 year of Hindenburg attackA year after the Hindenburg Research attack, Gautam Adani discussed how he insulated his portfolio from market volatility by pre-paying margin-linked financing. His leadership team's focus on businesses led to record-breaking EBITDA growth and Q3 FY24's highest-ever quarterly profit. He highlighted the use of adequate liquidity and stake sales to fortify the financial position. Adani acknowledged the crisis exposed a weakness in outreach mechanisms and distorted perceptions.
Gautam Adani fan raised stakes in these 6 Adani stocks, ITC, Patanjali in Q3NRI investor Rajiv Jain of GQG Partners has increased his holdings in six Adani Group stocks despite the controversy surrounding the conglomerate caused by the Hindenburg report. GQG's ownership in Adani Enterprises, Adani Ports, and Adani Green Energy rose, while additional stakes were purchased in Adani Energy Solutions, Adani Power, and Ambuja Cements.
LIC sold 3.73 crore shares of these 3 Adani stocks in Q3LIC, a major investor in the Adani Group, booked profits by reducing stakes in Adani Energy Solutions, Adani Enterprises, and Adani Ports during the December quarter. They sold 3,72,78466 shares of the three Adani companies and bought 4,500 shares of Ambuja Cements.
ACC buys remaining 55% in Asian Concretes at Rs 775 cr enterprise valueACC Ltd has acquired a 55% stake in Asian Concretes and Cement, adding 2.8 million to its existing production capacity. The deal, funded by internal accruals, will increase ACC and Ambuja Cements' capacity to produce 76.10 million tonne of cement annually. The company plans to increase this to 140 million tonne by 2028.
Adani-owned ACC acquires Asian Concretes and Cements at enterprise value of Rs 775 croreThe Adani Group company already has a 45 percent equity stake in Asian Concretes and Cements, with Monday's deal giving the cement conglomerate 100% control. "Cost of acquisition is Rs. 425.96 crores for 55% equity stake," ACC said in the filing.
Ambuja Cements unveils Rs 6,000 crore green power moveThe company will seek to target a capacity of 1,000 megawatts (MW) through solar and wind power projects in Gujarat and Rajasthan. The lineup includes a 600 MW Solar Power project and 150 MW Wind Power project in Gujarat and a 250 MW Solar Power project in Rajasthan, an exchange filing said.
Two big Adani bulls make nearly Rs 20,000 crore in just one week of rally. Is the tide turning?Led by NRI investor Rajiv Jain, GQG had made a bold contra bet on Adani stocks in the peak of the aftermath of the Hindenburg controversy in March earlier this year.
Adani Group’s $79-billion rally makes a winner of GQG’s Rajiv JainJain’s investment — it came near the trough of the Adani stock meltdown — has been boosted by a rally in this week after the conglomerate’s green energy unit secured a $1.4 bn loan and a Bloomberg News report said US government found shortseller Hindenburg Research’s allegations irrelevant while advancing a $553 loan for Adani Ports and Special Economic Zone Ltd.’s Sri Lanka project.
Ambuja Cements completes buyout of Sanghi IndustriesAmbuja Cements bought about 133 million shares of Sanghi Industries worth ₹1,627 crore in a block deal on NSE on Tuesday. The shares were purchased at ₹121.9 apiece. The sellers included Sanghi Industries promoters Alok Sanghi, Aditya Sanghi, Sanghi Polymers and Samruddhi Investors Services, among others.
Adani Group completes acquisition of Sanghi Industries, revises offer price to Rs 121.90/shareAmbuja Cements, owned by billionaire Gautam Adani, has completed the acquisition of Sanghi Industries at a revised offer price of Rs 121.90 per share. The deal, funded entirely through internal accruals, gives Ambuja Cements a controlling stake of 54.51% in Sanghi Industries.
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