Key Points
GQG Partners bought 17.1 million shares of Ambuja Cements via a block deal on Friday..
Adani Group's Holderind Investments sold 68 million shares in the cement maker, the report said...
Billionaire Gautam Adani-led conglomerate on Friday sold around 2.8% stake in Adani Group firm Ambuja Cements in a pre-market block deal valued at around Rs 4,200 crore...
According to a term sheet issued by the banker, Holderind Investments, an Adani Group entity, was looking to sell 69.96 million shares at a floor price of Rs 600 per share, a discount of 5% to Thursdays closing price of Rs 633...
The Adani Group currently holds a 70.33% stake in Ambuja Cements, with Holderind Investments holding a 50.90% stake...
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