The Adani Group is in discussions with banks to secure approximately $750 million (Rs 6,200 crore) to meet payment deadlines for the conversion of warrants allocated by Ambuja Cements. These warrants, totaling 477.4 million, were assigned to Harmonia Trade and Investment, a unit of the Adani family, with an initial payment made and the remainder scheduled over 18 months. The conversion, aimed at elevating promoters’ shareholding, anticipates a notional gain of around Rs 9,869 crore based on current stock prices. While efforts are underway to secure the required funding, challenges remain to meet the deadline.