Adani Family Infuses Funds To Ambuja Cement Via Warrants Program; What Are These Lesser-Known Financial Tool “Warrants” And Why Proxy Advisors Raised Concerns Over This Purchase?

Last week, the Adani family fully subscribed to the Ambuja Cement’s warrants program after infusing an INR of 8,339 crores (83.39 billion) to raise a stake in the business firm by 3.6 %. This third round of investment, following similar rounds on October 18, 2022, and March 28, 2024, of  Rs 5,000 crore and Rs …