Adani Group Stocks / Adani Group Share Price Today Live Updates 23 Aug 2024: Ambuja Cements’ share price rose in early trade on Friday. The majority of Adani Group stocks, including Adani Enterprises, Adani Power, Adani Ports & SEZ, and Adani Wilmar, traded flat.

Adani group promoters may sell up to 3 per cent of their shares in Ambuja Cements as part of a regular adjustment of holdings they carry to keep stake across the ports-to-energy conglomerate at desired levels, a PTI report quoting sources said. Promoters will sell about 7 crore shares, or 2.84 per cent, in the cement maker for ₹4,198 crore, the report said adding that the offer price of ₹600 apiece is at a 5 per cent discount to Thursday’s closing price of ₹632.90 on BSE.

In addition, Adani Power has informed the exchanges that the NCLT Hyderabad bench has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL) for an upfront payment of Rs 4,101 crore. 

KS Badri Narayanan writes

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