Why is Adani Selling Stake in Ambuja Cements, Adani Power, While Adding More of Adani Green Energy

ADANI SHARES | STOCK MARKET NEWS | AMBUJA CEMENT SHARES

The Adani Group is looking to sell promoter holdings in group companies like Adani Power and Ambuja Cements. While the stake sale will happen at these two companies over the next few months, the holding will be increased in Adani Green Energy. Some reports suggest that the funds from promoter stake sale will be use to repay some debt. Although, the conglomerate recently stated that it has enough cash to cover more than 30 months of debt payments. So, what the actual reason? We tell you in this video!

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