Ambuja Cements gains as board to mull fund raising

14 Sep 2022 , 09:37 AM

The board of Ambuja Cements is scheduled to meet on 16 September 2022, to consider raising funds by way of issue of equity shares, convertibles and/or any other eligible securities, on a rights/preferential or any other permissible mode/ and/or combination thereof as may be considered appropriate. Ambuja Cements is one of the leading cement companies in India. It is part of the Holcim Group, a global leader in building materials and solutions and active in four business segments: cement, aggregates, ready-mix concrete and solutions & products. The cement majors standalone net profit jumped 44.9% to Rs 1,048 crore on 18.4% increase in net sales to Rs 3,958 crore in Q2 CY22 over Q2 CY21. Powered by Capital Market – Live News