Adani seeks to sell stake in Ambuja Cement for $450 million to reduce debt, reports FT

Adani on Thursday made a formal request to international lenders to sell 4% to 5% of Ambuja Cement, the Financial Times report said.

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Bengaluru: Gautam Adani is seeking to sell a stake in his cement business worth about $450 million, the Financial Times reported on Friday, citing people familiar with the matter.

Adani on Thursday made a formal request to international lenders to sell 4% to 5% of Ambuja Cement, the report said.

The Adani Group did not immediately respond to a Reuters request for comment.

(Reporting by Baranjot Kaur in Bengaluru; Editing by Shailesh Kuber)

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