scorecardresearchAdani Group's open offer for ACC, Ambuja Cements gets lukewarm response from investors

Adani Group's open offer for ACC, Ambuja Cements gets lukewarm response from investors

Updated: 11 Sep 2022, 09:01 AM IST
TL;DR.
According to the latest regulatory updates on Saturday morning, only 6.97 lakh shares of Ambuja Cements have been tendered in the escrow demat account compared to the original offer for 51.63 crore shares from the public shareholders.
Signage of Adani Group at company's residential building under construction in Mumbai, India, on Tuesday, Sep. 6, 2022. Adani Group, indirectly�acquired�a 29.2% stake in�New Delhi Television Ltd., or NDTV, and offered to buy another 26% from the open market for a combined 6.07 billion rupees ($76 million) in August 2022. Photographer: Dhiraj Singh/Bloomberg

Signage of Adani Group at company's residential building under construction in Mumbai, India, on Tuesday, Sep. 6, 2022. Adani Group, indirectly�acquired�a 29.2% stake in�New Delhi Television Ltd., or NDTV, and offered to buy another 26% from the open market for a combined 6.07 billion rupees ($76 million) in August 2022. Photographer: Dhiraj Singh/Bloomberg