Key Points
Shares of Chennai-based cement sector major were trading at Rs 239.40, down by 8.40 per cent, at 10.50 AM. ..
The Enforcement Directorate (ED) on Thursday conducted searches at premises linked to India Cement, which is controlled by former BCCI Chairman N Srinivasan..
The searches are being conducted at the Chennai Super Kings owner offices for alleged FEMA violations...
In August last year at a press conference, Congress general secretary Jairam Ramesh claimed that in sectors such as airports, ports and cement, companies competing with the Adani Group for prized assets have faced CBI, ED and Income Tax raids "that have dissuaded them from proceeding with their bids, and the assets have ultimately gone to Adani"...
Mentioning the takeover of Sanghi Industries by the Adani-owned Ambuja Cements, Ramesh said: "In our Hum Adani ke Hain Kaun (HAHK) series of 100 questions for Prime Minister (Narendra) Modi, the Congress party had pointed out how the Adani Group has repeatedly profited from well-timed, Modi-made raids by investigative agencies on its business competitors," he said in a statement.. . Published on: Feb 01, 2024, 10:57 AM IST ..
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