{"id":1734,"date":"2022-09-23T13:48:55","date_gmt":"2022-09-23T13:48:55","guid":{"rendered":"https:\/\/www.mmjc.in\/?p=1734"},"modified":"2025-08-29T10:08:42","modified_gmt":"2025-08-29T10:08:42","slug":"adani-encumbers-13-billion-stake-in-newly-bought-cement-units","status":"publish","type":"post","link":"https:\/\/bempl.in\/demo\/mmjc\/adani-encumbers-13-billion-stake-in-newly-bought-cement-units\/","title":{"rendered":"Adani Encumbers $13 Billion Stake in Newly Bought Cement Units"},"content":{"rendered":"\n<p>\u00a0Billionaire Gautam Adani\u2019s group set aside shares valued at about $13 billion in two Indian cement firms as part of a lending agreement. <\/p>\n\n\n\n<p>Stakes in two of those companies &#8212; about 57% of ACC Ltd. and 63% in Ambuja Cements Ltd. &#8212; have been encumbered \u201cfor the benefit of certain lenders and other finance parties,\u201d according to separate filings made to Indian stock exchanges by Deutsche Bank AG\u2019s Hong Kong branch.<\/p>\n\n\n\n<p>The transaction is a so-called non-disposal undertaking, which is essentially a way for companies to borrow funds against their shares.<\/p>\n\n\n\n<p>According to Our Partner &#8211; Makarand Joshi &#8211;  &#8220;<em>NDU generally doesn\u2019t give the lender a right over the shares, It\u2019s not a security, while lien or a pledge are used to secure a loan, where lender gets the control.\u201d <\/em><\/p>\n\n\n\n<p><a href=\"https:\/\/news.yahoo.com\/adani-encumbers-13-billion-stake-062327771.html\">https:\/\/news.yahoo.com\/adani-encumbers-13-billion-stake-062327771.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Billionaire Gautam Adani\u2019s group set aside shares valued at about $13 billion in two Indian cement firms as part of a lending agreement. Stakes in two of those companies &#8212; about 57% of ACC Ltd. and 63% in Ambuja Cements Ltd. &#8212; have been encumbered \u201cfor the benefit of certain lenders and other finance parties,\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media"],"_links":{"self":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts\/1734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/comments?post=1734"}],"version-history":[{"count":1,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts\/1734\/revisions"}],"predecessor-version":[{"id":4295,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts\/1734\/revisions\/4295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/media\/4294"}],"wp:attachment":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/media?parent=1734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/categories?post=1734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/tags?post=1734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}