Page 8 - Ambuja Cement
Ambuja seeks shareholders' nod for Rs 20k-cr warrants, Adani's appintment
Ambuja Cements, which has been acquired by the Adani family, has called for an extraordinary general meeting with its shareholders on October 8. In the EGM (Extraordinary General Meeting), Ambuja Cements will seek shareholders' approval for the appointment of Gautam Adani and others on the board and a Rs 20,000 cash infusion in the company through preferential allotment of warrants. Ambuja Cements has sought approval for allotment of preferential allotment of 47.74 crore warrants at a price band of Rs 418.87 to Harmonia Trade and Investment Ltd, a promoter group entity, totalling Rs 20,001 crore in one or more tranches. The warrant holder would pay a minimum amount of Rs 104.72, around 25 per cent of the issue price at the time of subscription, and a further payment of Rs 314.15 at the time of exercise of the rights to convert in equity shares. Ambuja Cements, which also owns 50.05 per cent in ACC Ltd, has called for an EGM of the shareholders "scheduled to be held on Saturday, ...
 "Ambuja seeks shareholders' nod for Rs 20k-cr warrants, Adani's appintment")
Adani group overtakes Tatas to be India's most valued conglomerate
The gap between Mukesh Ambani and Adani has widened by 40 per cent. Ambani, with $91 billion net worth, is ranked eighth in the world
 "Adani group overtakes Tatas to be India's most valued conglomerate")
Gautam Adani now chairman of Ambuja Cements; son Karan is ACC boss
The Adani group to infuse Rs 20,000 crore more in Ambuja Cements
 "Gautam Adani now chairman of Ambuja Cements; son Karan is ACC boss")
Holcim closes Ambuja Cement sale to Adani, gets $ 6.4 bn in cash
Divestment will help Swiss company become global leader in sustainable building solutions, says CEO
Ambuja Cements, ACC receive lukewarm response from public shareholders
The response was poor as the current market price is far above the open offer price, bankers said
Ambuja Cements and ACC stocks close much above the offer prices
The shares of Ambuja Cement closed at Rs 453 a share -- far above the open offer price of Rs 385 a share -- making the offer unattractive for its shareholders.
Ceat, Ambuja, IRCTC among 30 stocks that can defy current market volatility
Ambuja Cements, Ceat, Eicher Motors, Pidilite Industries, Tata Chemicals, Torrent Power and Wockhardt are few of the prominent stocks holding on to the bullish outlook.
 "Ceat, Ambuja, IRCTC among 30 stocks that can defy current market volatility")
Stocks to watch: L&T, Adani Power, Ambuja Cements, LIC, Paytm, JSW Steel
Stocks to watch today: L&T commissioned a new green hydrogen plant at Hazira in Gujarat; Future Enterprises defaults on payments of interest of two non-convertible debentures (NCDs) of Rs 12.6 crore.
 "Stocks to watch: L&T, Adani Power, Ambuja Cements, LIC, Paytm, JSW Steel")
Adani Group gets Sebi approval for $3.8 billion open offer for Ambuja, ACC
The group, led by Asia's richest person Gautam Adani, is set to make an offer to buy 26% of Ambuja Cements Ltd. for 385 rupees per share and the same stake for 2,300 rupees per share of ACC Ltd
 "Adani Group gets Sebi approval for $3.8 billion open offer for Ambuja, ACC")
Competition Commission approves Adani Group's acquisition of ACC, Ambuja
Permission given to Endeavour Trade and Investment, a SPV controlled by the Adani family
 "Competition Commission approves Adani Group's acquisition of ACC, Ambuja")
Top Headlines: RBI to push rates by 30-50 bps, task force for monkeypox
The Reserve Bank of India's MPC is likely to announce a repo rate hike of 35-50 basis points in its policy statement on August 5, a Business Standard poll showed
 "Top Headlines: RBI to push rates by 30-50 bps, task force for monkeypox")
Adani raises $5.25 bn from global banks to fund acquisition of Ambuja, ACC
The Adani family is acquiring Ambuja and ACC with a capacity of 70 mtpa at a total cost of $10.5 billion, including the open offers to be made to the minority shareholders of the companies
Stocks to Watch: RIL, HUL, ONGC, NTPC, Ambuja, HDFC Life, Grasim, Vedanta
Stocks to Watch Today: CEAT, Havells, IndusInd Bank, Mastek, OFSS, RIIL, Syngene International, Tata Communications and Wirpo to announce Q1 results on Wednesday.
 "Stocks to Watch: RIL, HUL, ONGC, NTPC, Ambuja, HDFC Life, Grasim, Vedanta")
Ambuja Cements Q1 net profit falls 14% to Rs 752 crore, sales up 15%
Consolidated net sales rose 15.1 per cent to Rs 7,943 crore in the April-June period versus the same period last year
Well begun, but US recession fears to hit Indian firms' foreign M&As
Bankers bullish on local acquisitions by India Inc in rest of FY23
 "Well begun, but US recession fears to hit Indian firms' foreign M&As")
Adani group firms' gross debt rises to Rs 2.2 trillion, shows data
This makes the Adani group one of the most indebted among India's top business groups
 "Adani group firms' gross debt rises to Rs 2.2 trillion, shows data")
UltraTech, JSW lost Ambuja race due to CCI concerns: Holcim CEO
The CEO said the smoothness of the execution of such a transaction was a major factor in taking the decision.
 "UltraTech, JSW lost Ambuja race due to CCI concerns: Holcim CEO")
TMS Ep173: Adani group, Ambuja Cement & ACC, return to office, CPI
How has Adani group charted its success over three decades? Is Ambuja Cement & ACC merger on the cards? How's India Inc making employees return to office? What is CPI-based inflation? All answers here
 "TMS Ep173: Adani group, Ambuja Cement & ACC, return to office, CPI")
Top headlines: Adani group's gross debt, EV fire incidents, and more
From Adani group's gross debt rising to EV fire incidents, here are the top headlines on Tuesday
 "Top headlines: Adani group's gross debt, EV fire incidents, and more")
How has Adani group charted its success over three decades?
The last two years have been eventful for Gautam Adani, when his wealth grew from $8.9 bn to $105 bn. Last week, he clinched a deal to acquire Ambuja and ACC cements. Let's track his growth story
 "How has Adani group charted its success over three decades?")