The Adani family is set to sell approximately 3% of their stake in Ambuja Cements on Friday, aiming to raise up to Rs 4,197 crore (around $500 million) through block deals.
The family, which holds a 70.33% stake in India's second-largest cement company, acquired their shares from Holcim in May 2022. Additionally, there are indications that they might also divest between 0.5% and 3% of their holdings in Adani Power.