{"id":3558,"date":"2024-08-22T15:12:07","date_gmt":"2024-08-22T09:42:07","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=3558"},"modified":"2024-08-22T15:12:07","modified_gmt":"2024-08-22T09:42:07","slug":"adani-group-considering-5-stake-sale-in-adani-power-and-ambuja-cements-cnbc-awaaz","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/adani-group-considering-5-stake-sale-in-adani-power-and-ambuja-cements-cnbc-awaaz\/","title":{"rendered":"Adani Group Considering 5% Stake Sale in Adani Power and Ambuja Cements: CNBC Awaaz"},"content":{"rendered":"\n

The Adani Group is reportedly looking forward to reducing its debt by selling up to 5% of promoter holdings in Adani Power and Ambuja Cements, reports CNBC Awaaz. Those privy to the promoters plan indicate that the promoters are looking to offload a portion of their stakes in these listed companies while the current holding of promoters firm in Adani Power stands at 72.71% and that in Ambuja Cements at 70.33% as of the June quarter’s end.<\/p>\n\n\n\n

Although the Adani Group has not commented on the issue yet, the market has reacted to the news. Stocks of Adani Power were quoted 1.2% lower at Rs 686.75, while Ambuja Cements was up 0.5% at Rs 632.5.<\/p>\n\n\n\n

So far in 2024, Ambuja Cements has yielded an 18% uptrend on its share price, while for Adani Power, an uptrend shown is of 30%. The report published by CNBC Awaaz has not been independently corroborated with the statements coming from other sources.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source: Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

The Adani Group is reportedly looking forward to reducing its debt by selling up to 5% of promoter holdings in Adani Power and Ambuja Cements, reports CNBC Awaaz. Those privy to the promoters plan indicate that the promoters are looking to offload a portion of their stakes in these listed companies while the current holding […]<\/p>\n","protected":false},"author":1,"featured_media":3559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[265],"class_list":["post-3558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-adani-goup-sell-stake"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=3558"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3558\/revisions"}],"predecessor-version":[{"id":3560,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3558\/revisions\/3560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/3559"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=3558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=3558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=3558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}