Adani Group has not pledged shares of Ambuja Cements and ACC Ltd
Thursday - February 2, 2023 6:00 pm ,
Category : BUSINESS
Chennai, Feb 2 (IANS) The promoters of cement makers Ambuja Cement Ltd and ACC Ltd - Adani Group - have not pledged their shares in the two companies, the group said."We would like to clarify that none of the shares of Ambuja or ACC have been pledged by Promoters," a statement from Adani Group filed by ACC said."The Promoters have only provided non-disposal undertaking and accordingly, there is no requirement of providing any top-up of shares of Ambuja and ACC or cash top up under the acquisition financing raised last year," the statement added.
--IANS vj/svn/
--IANS vj/svn/
(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)
