Shares of Sanghi Industries Limited (NSEI:SANGHIIND) fell 9.5% to INR 98.6 in 13 March 2024 trade on BSE, a day after Adani Group-owned Ambuja Cements Limited (BSE:500425) proposed to sell up to 2% stake in the company to comply with minimum public shareholding norms. "Ambuja Cements Limited, the promoter of the Company, has conveyed to us their intention to sell the Equity Shares to enable us to comply with minimum public shareholding norms," Sanghi Industries said in an exchange filing. In a regulatory filing, Ambuja Cements said it will sell the 2% equity in the open market from March 13, 2024, till February 6, 2025, or the actual date of completion of the sale of shares. The total equity amounts to 5.166 million shares.