Sanghi Industries signed a contract with Ambuja Cements to supply its entire production to Ambuja and ACC at a fixed 10 percent markup over the production cost.
A total of eight Adani group stocks, led by Adani Green Energy Ltd, Adani Total Gas and Adani Power had rallied 18-60 per cent in the December quarter, with the remaining two ACC Ltd and Adani Wilmar Ltd delivering single digit returns.
Individual holdings in nine of the Adani groups 10 stocks at the end of December are higher than they were before the short-sellers attack on the conglomerate, exchange data compiled by Bloomberg show.
NRI investor Rajiv Jain of GQG Partners has increased his holdings in six Adani Group stocks despite the controversy surrounding the conglomerate caused by the Hindenburg report. GQG s ownership in Adani Enterprises, Adani Ports, and Adani Green Energy rose, while additional stakes were purchased in Adani Energy Solutions, Adani Power, and Ambuja Cements.
BSE's Sensex crashed 1628.01 points, or 2.23 per cent, to settle at 71,500.76. NSE's Nifty50 plunged 460.35 points, or 2.09 per cent, to end the day at 21,571.95 for the day.