📈 Ambuja Cement Share Price Soars as Adani Family Increases Stake
🏢 Adani family has increased its stake in Ambuja Cements by investing ₹6,661 crore, raising their ownership to 66.7%. This comes after their initial investment of ₹5,000 crore in October 2022.
📊 In the BSE stock market today, Ambuja Cement’s share opened at ₹608.45, rising to ₹616.45 during trading. The stock hit a 52-week high of ₹624.55 on March 5, 2024, after reaching a low of ₹358.20 on March 29, 2023. The company’s market cap is ₹1.2 lakh crore.
📈 The share price of Ambuja Cement has increased by 67.6% in the past year, following the acquisition from Holcim. The Adani family has invested a total of ₹11,661 crore in the company and aims to increase the group’s cement capacity by 140 million tons annually by 2028.
💰 Additional investments will strengthen the company’s financial position, allowing them to pursue ambitious growth plans and capitalize on emerging opportunities in the market. It will also drive innovation and product development through the integration of advanced technologies.
🚀 Overall, the increased stake and investments in Ambuja Cement are expected to boost the company’s growth prospects and enhance its competitiveness in the industry.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
