On Thursday, Ambuja Cements Ltd, part of Adani Cement, announced the purchase of 57% promoter stake in cement maker Sanghi Industries Ltd at an enterprise value of ₹5,000 crore
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A fallout of this report was the group halting some investments, cutting down on capital expenditure, and considering a different approach towards financing its projects, according to Bloomberg.
Hindenburg fallout: Adani Group suspends work on Rs 34,900 crore petchem project orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.