Ambuja Cement acquires Orient Cements for Rs 8,100 crore.
1 day ago — Ambuja Cement, part of the Adani Group, has signed a definitive agreement to acquire a 46.8% stake in Orient Cement Ltd (OCL) from the CK Birla Group. The acquisition is valued at Rs 8,100 crore, with Orient Cement shares priced at Rs 395.4 each.
Adani’s Ambuja Cements acquires Orient Cement for Rs 8,100 …
23 hours ago — Consolidating its position in the cement sector, Adani group’s Ambuja Cements Tuesday announced the signing of a binding agreement for the acquisition of Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore from the CK Birla group.
Adani-backed Ambuja to acquire 46.8% stake in Orient Cement …
1 day ago — Adani family-owned Ambuja Cement has signed a binding agreement to acquire a 46.8 per cent stake in Orient Cement Ltd (OCL) with an investment of Rs 8,100 crore. The acquisition of the CK Birla-owned company helps move towards the target capacity of 140 MTPA (Million Tonnes Per Annum) by 2030.
Adani’s Ambuja Cements to acquire stake in India’s Orient Cement …
1 day ago — India’s Ambuja Cements said on Tuesday it would acquire a 46.8% stake in Orient Cement , valuing the company at 81 billion rupees ($963.5 million). The Adani-owned cement maker will buy the Telangana-based company’s shares at 395.40 rupees per share, an over 12% premium to Orient’s last close.
Adani's Ambuja to buy $451 mln stake in CK Birla's Orient Cement ...
1 day ago — Oct 22 (Reuters) - Ambuja Cements (ABUJ.NS), India's No.2 cement maker, said on Tuesday it would buy a nearly 47% stake in rival Orient Cement (ORCE.NS) for 37.91 billion rupees ($451...
Adani’s Ambuja buys significant stake in Orient Cement: …
15 hours ago — Cement industry consolidation continues with Ambuja Cements acquiring Orient Cement stake at a premium, despite sector challenges.
Ambuja Cements to acquire Orient Cement for ₹8,100 crore
1 day ago — Ambuja Cements, part of Adani Group, will acquire a 46.8% stake in Orient Cement Ltd for ₹ 8,100 crore. The deal includes an open offer for an additional 26% stake and aims to enhance...
Ambuja Cements to acquire Orient Cement at an equity value
1 day ago — Ambuja will first acquire 46.8% stake in Orient Cement from its current promoters and existing shareholders. The acquisition will be funded entirely through internal accruals, and the company will remain debt free.
Ambuja to acquire Orient Cement at equity value of Rs 8,100 …
A mbuja Cement on Tuesday announced that it will acquire 46.8% of Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore with an aim of reaching 100 MTPA cement capacity in FY25 and...
Ambuja Cements to buy 47% stake in Orient Cement at Rs 8,100 …
1 day ago — Prashun Talukdar. Updated Oct 22, 2024, 9:57 AM IST. The acquisition will take Adani Cement operational capacity to 97.4 MTPA. Adani Group's Ambuja Cements Ltd on Tuesday said it would purchase...
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