Chennai, Feb 2 : The promoters of cement makers Ambuja Cement Ltd and ACC Ltd – Adani Group – have not pledged their shares in the two companies, the group states.
“We clarify that none of the shares of Ambuja or ACC have been pledged by Promoters,” a statement from Adani Group filed by ACC said.
“The Promoters have only provided non-disposal undertaking and accordingly, there is no requirement of providing any top-up of shares of Ambuja and ACC or cash top up under the acquisition financing raised last year,” the statement added.
–IANS
