November 27, 2022

Ambuja will get shareholders' nod for elevating Rs 20K-cr

1649910583 7398

1649910583 7398

Ambuja Cements Ltd on Saturday mentioned it has obtained shareholders’ approval for all proposals in its EGM, together with a decision to lift Rs 20,000 crore from an Adani group agency and appointment of Gautam Adani and others on the board of the corporate.
The Extraordinary Common Assembly (EGM) has handed the particular decision proposing to lift Rs 20,000 crore by issuing securities on a preferential foundation to Harmonia Commerce and Funding Ltd, an Adani group entity, with 91.37 per cent votes, Ambuja Cements mentioned in a regulatory replace.
Resolutions to nominate Adani Group Chairman Gautam Adani, his son Karan Adani and two administrators and 4 unbiased administrators on the board of Ambuja Cements…

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