ACC s revenue from operations was up 8.31 per cent to Rs 4,914.36 crore during the quarter under review. It was Rs 4,536.97 crore in the corresponding period a year ago.
Concern among minority shareholders about the Master Supply and Service Agreement proposed by Ambuja Cements is the main reason for the fall in share prices. They believe Sanghi Industries’ control on profitability will be limited under the agreement.
Adani Ports gets board nod to raise up to Rs 5,250 crore via NCDs financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Ambuja Cements bought about 133 million shares of Sanghi Industries worth ₹1,627 crore in a block deal on NSE on Tuesday. The shares were purchased at ₹121.9 apiece. The sellers included Sanghi Industries promoters Alok Sanghi, Aditya Sanghi, Sanghi Polymers and Samruddhi Investors Services, among others.
Adani Group moves to refinance $4.5-billion debt this month financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.