Adanis infuse Rs 8,ooo crore in Ambuja, stake hits 70%

Adani family invests Rs 8,339 crore in Ambuja Cements, increasing stake to 70.3%. Harmonia Trade converts warrants, fortifying financials. Ambuja plans capacity expansion. Recent acquisitions include a grinding unit in Tamil Nadu. Stake increase follows the largest capital market transaction in 2022.