Adani seeks to sell stake in Ambuja Cement for $450 mn to cut debt: Report

Gautam Adani is seeking to sell a stake in his cement business worth about $450 million, the Financial Times reported on Friday, citing people familiar with the matter.

Adani on Thursday made a formal request to international lenders to sell 4% to 5% of Ambuja Cement, the report said.

The Adani Group did not immediately respond to a Reuters request for comment.