Adani pledges shares valued at 13 bn

22 Sep 2022 CW Team

Billionaire Gautam Adani鈥檚 group pledged shares valued at about $13 billion in two Indian cement firms just days after it completed the acquisition from Holcim, reflecting the world鈥檚 second-richest person鈥檚 hunger for capital as his ports-to-power conglomerate expands rapidly.

Stakes in two of those companies -- about 57% of ACC and 63% in Ambuja Cements -- have been encumbered 鈥渇or the benefit of certain lenders and other finance parties,鈥� according to separate filings made to Indian stock exchanges by Deutsche Bank AG鈥檚 Hong Kong branch.

Also Read
Ashwini Vaishnaw inspects multi-modal Sabarmati passenger hub
Gautam Adani鈥檚 son to oversee the family鈥檚 cement business

Real Estate

19 Jun 2025

Concorde Acquires 3 Acre in Hennur for Premium High-Rise Project

In a strategic expansion move, Concorde has acquired a 3-acre land parcel in Hennur, North Bengaluru, for a premium high-rise residential development. The upcoming project will feature a saleable built-up area of approximately 4.25 lakh sq. ft., with an estimated Gross Development Value (GDV) of Rs 5 billion. Scheduled for launch in FY 2026鈥�27, the development will offer 2 and 3 BHK premium residences designed to appeal to discerning urban homebuyers seeking elevated, community-centric living in one of the city's fastest-growing corridors. 鈥淭his investment underlines our commitme..

Real Estate

19 Jun 2025

JP Infra Launches Monsoon Fest 2025 for 亚博体育官网首页buyers

JP Infra, one of Mumbai鈥檚 most trusted real estate developers, has announced the launch of 鈥楳onsoon Fest 2025鈥�, a limited-period campaign offering exclusive privileges across its residential projects in Mira Road, Thane, and other key locations. Running from 16th June to 31st July 2025, the Monsoon Fest presents a curated package of benefits for homebuyers. Every booking comes with an assured premium White Goods voucher from leading brands. Buyers can also choose one of three value-added offers: 50 per cent waiver on stamp duty Modular kitchen Fully furnished home&nbs..

Infrastructure Urban

19 Jun 2025

LANXESS Resin Removes Short-Chain PFAS From Water

Speciality chemicals company LANXESS has launched Lewatit MDS TP 108, a new ion exchange resin designed for the efficient removal of short-chain per- and polyfluoroalkyl substances (PFAS) from water. These PFAS compounds鈥攃haracterised by having three or fewer carbon atoms鈥攁re among the smallest and most challenging to eliminate through conventional water purification methods.Lewatit MDS TP 108 marks a significant advancement in the treatment of contaminated water, particularly where traditional technologies such as activated carbon adsorption fall short. The new resin offers a service life..