Thiruvananthapuram, Feb. 2 -- Adani Group has issued a clarification on misleading news on pledge of shares of Ambuja Cement Ltd and ACC Ltd.

"We would like to clarify that none of the shares of Ambuja or ACC have been pledged by Promoters."

The Promoters have only provided non-disposal undertaking and accordingly, there is no requirement of providing any top-up of shares of Ambuja and ACC or cash top-up under the acquisition financing raised last year, the statement added.

Published by HT Digital Content Services with permission from India Blooms....