InvestorQ : Did the resolution at Ambuja Cements go through to place warrants with Adani?
indhumathi Sayani made post

Did the resolution at Ambuja Cements go through to place warrants with Adani?

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1 month ago
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Even as the proxy firm, IIAS, had asked shareholders to vote against the placement of warrants with Adani group, the resolution got a 91.73% positive vote. Now Ambuja Cements can issue 4,774.78 lakh warrants convertible 1:1 at Rs418.87 per share aggregating to Rs20,000 crore. The warrants are convertible in 18 months.

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