SEBI had sent notices to four Adani Group companies, alleging they had wrongfully categorised the shareholding of certain entities and seeking to recover about Rs 25 billion from them.
The cement industry has been consolidating since FY18, with the larger players looking to not only increase their capacities but also widen their geographical reach.
New Delhi: The Congress Saturday alleged foul play in the Adani Group-owned Ambuja Cements’ takeover of another cement firm called Sanghi Industries Ltd (SIL)...
Shares of the two companies were, however, still trading lower than their January levels after the Hindenburg report battered shares of Adani Group companies.
In tactical terms, the shirtless protest was worse than a self-goal. Suddenly, the fiascos of the AI Summit were forgotten, and the Youth Congress’s disruption became the issue.
IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.
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