Last Friday, India’s Adani Group sold 2.84 % of its equity capital in Ambuja Cement, which has a value of about US$ 500m. After the deal, the Adani family will still own 67.5% of the shares of the company. US Investment company GQG Partners purchased 26.8 million shares through block deals. SBI Life Insurance bought the second-largest stake in the sale with about 8 million shares. Other buyers include Norges Bank, The Vanguard Group and Morgan Stanley. The aim of this divestment is to reduce the Adani Group’s overall debt levels.