Adani Group pledges entire stake in ACC, Ambuja for $13 bn; stocks fall 5%
Billionaire Gautam Adani-led Adani Group has pledged about 57% of ACC shares and 63% of Ambuja Cements with Deutsche Bank AG’s Hong Kong branch as collateral for loans.
Billionaire Gautam Adani-led Adani Group has pledged about 57% of ACC shares and 63% of Ambuja Cements with Deutsche Bank AG’s Hong Kong branch as collateral for loans.