Adani Group to sell shares worth Rs 4,200 crore in Ambuja Cement on Friday

The Adani Group plans to sell a 2.84% stake in Ambuja Cements through a block deal, aiming to raise Rs 4,200 crore. Holderind Investments, an Adani Group entity, will sell nearly 70 million shares at Rs 600 per share, a 5% discount to the recent closing price.