Ambuja Cements shares gained in early trade on April 18 after the Adani family fully subscribed to the warrants program by further infusing Rs 8,339 crore. This has taken the Adani family's total capital infusion in Ambuja Cements to Rs 20,000 crore. Their stake has increased by further 3.6 percent to 70.3 percent, from 63.2 percent.
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Every quarter and especially at the end of the financial year, real estate developers boast pre-sales figures in the thousands of crores, presenting them as indicators of market health. Yet, beneath the surface lies a mix of genuine sales and inflated numbers. Insiders reveal that developers in the Mumbai real estate market and other markets country-wide sometimes register sales.
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Vodafone Idea share price jumped over 4% prior to the launch of its follow-on public offer (FPO) today. On Tuesday, April 16, Vodafone Idea garnered around ₹5,400 crore through its follow-on public offering, which was backed by anchor investors such as GQG Partners, UBS Fund Management, Jupiter Fund Management, Fidelity Investments, and Australian Super.
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