Shares Adani Enterprises gain  <span class='webrupee'>₹</span>2,289 crore market-cap while Adani ports & SEZ added  <span class='webrupee'>₹</span>9,666 crore on Friday

<ul><li>National Stock Exchange (NSE) has placed the three companies under short-term additional surveillance measure (ASM) framework on Thursday amid heavy sell off in the last few trading sessions. This framework would be effective from February 3.</li></ul>

Q3 Earnings Preview: Cement companies' woes likely to continue as input costs eat into profitability

The raw material costs continued to remain a major concern for the cement sector for Q3FY23. The petcoke and coal prices in both domestic and international markets were still higher compared to the long-term average but corrected in the past couple of months.

Adani Group pledges stake worth $13 billion in Ambuja Cements and ACC

According to regulatory updates on Tuesday, billionaire Gautam Adani-led group has encumbered its 63.15 per cent stake in Ambuja Cements and 56.7 per cent stake in ACC (of which 50 per cent is held by Ambuja) to the Hong Kong Branch of Deutsche Bank AG.

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

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.

Adani to launch open offer for ACC and Ambuja Cements on August 26

In May this year, the Adani Group announced that it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 billion.

Holcim mulls over exiting Indian market, considering the sale of Ambuja Cements: Report

Holcim has been selling off non-core assets to reduce debt and diversify through acquisitions. It controls 63.1% of Ambuja, which has a market value of about $9.6 billion.

Top Ambuja Cements News

Shares Adani Enterprises gain ₹2,289 crore market-cap while Adani ports & SEZ added ₹9,666 crore on Friday