Gautam Adani, who heads the ports-to-power conglomerate Adani group, is planning to sell stake worth around $450 million in one of its subsidiary, Ambuja Cement, a Financial Times report said on March 10.
The newspaper said it learnt from three company sources, who are privy to the development, that Adani on March 9 issued a formal request to global lenders for selling four to five percent stake in the cement business.
Another person linked to the Adani group confirmed to FT about the pla...
