Adani group infuses Rs 8,339 cr more into Ambuja Cements
Wed, Apr 17, 2024 6:25 PM

Adani group infuses Rs 8,339 cr more into Ambuja Cements

A Flip by Riya Sharma
Get it on Google Play
The Adani family, the promoters of Ambuja Cements, have infused an additional Rs 8,339 crore into the cements company under the warrants program, increasing its stake in the company to 70.3 percent and total investment to Rs 20,000 crore, according to an exchange filing issued on April 17 . The family had invested Rs 5,000 crore in October 2022, Rs 6,661 crore on 28 March 2024.

More great flips

Eli Lilly rises 6%; company raises 2024 sales forecast by $2 billion

Eli Lilly rises 6%; company raises 2024 sales forecast by $2 billion

Explosive demand and increased manufacturing capacity for Eli Lilly's weight-loss drug Zepbound drove the company to raise its annual sales forecast by $2 billion on Tuesday, lifting its shares nearly 6%. Lilly said it expects significant production increases in the second half of the year for its obesity treatment and related diabetes drug Mounjaro, for which most doses are in shortage.

Open Flip
China's Jinke Property Group prepares initial plans for court

China's Jinke Property Group prepares initial plans for court

HONG KONG: Developer Jinke Property Group has prepared a preliminary plan to restructure debt, it told investors on Tuesday, after becoming the first Chinese-listed developer accepted for re-organisation by a domestic court last week. The company, based in southwestern Chongqing, is among many developers defaulting on debt since the sector slipped into crisis in mid-2021.

Open Flip
Breaking down barriers in the digital payments landscape

Breaking down barriers in the digital payments landscape

One of the great successes of India’s digital transformation has been the establishment of a unified payment interface for B2C transactions. It has brought hitherto-unknown levels of transparency and convenience to the country’s financial system, empowering consumers and businesses with its scale and simplicity. But the task of digitizing payment gateways remained incomplete in the absence.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon