The Adani Group is reportedly (CNBC Aawaz) exploring the option of selling a 5% stake each in Adani Power and Ambuja Cements as part of efforts to reduce debt. This move would involve the promoters paring down their holdings in these key group companies.
As of the end of the June quarter, the promoters held a 72.71% stake in Adani Power and a 70.33% stake in Ambuja Cements. The decision to sell these stakes is seen as a strategic move to strengthen the group’s financial position.
Currently, Adani Power shares are trading at ₹681.80, reflecting a 1.92% increase as of 2:27 PM.
