New Delhi: The company’s popularity has been steadily declining since the Hindenburg Report became public. The amount of wealth in the stock market was also declining due to a series of shocks. From there, the Adani group has bounced back. Gautam Adani has once again become one of the world’s richest people. There was also evidence of that. Adani’s Ambuja Cement has been bought by a larger stake in Sanghi Industries.
About 57 per cent stake in Sanghi Cement has been acquired by the Adani Group. The entire stake held by the company’s owner Ravi Sanghi and his family is now going to the Adani group. Rs 5,000 crore has been spent. This is Adani’s biggest acquisition since the Hindenburg report became public. Adani plans to buy most of the shares from the company’s shareholders from the market as well.
