Adani Group pledges $13 billion worth of shares of Ambuja and ACC

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• 21 September, 2022 |
• 11:38 AM

According to separate disclosures made to Indian stock exchanges by Deutsche Bank AG's Hong Kong branch, stakes in two of those businesses — around 57% of ACC Ltd. and 63% of Ambuja Cements Ltd. — have been encumbered "for the benefit of certain lenders and other finance parties."