Indian Billionaire Gautam Adani Buys Orient Cement

Indian Billionaire Gautam Adani Buys Orient Cement As Rivalry Intensifies
Billionaire Gautam Adani's Ambuja Cements agreed to buy a 47% stake in Orient Cement in a deal valued at $963 million, stepping up acquisitions amid intensifying rivalry with tycoon Kumar Mangalam Birla.
Big move by Gautam Adani: Ambuja Cements to acquire this cement brand for Rs 8100 crore
The latest acquisition will add 16.6 MTPA (million tonne per annum) capacity to Adani Cement, which operates through Ambuja Cements in the sector.
Adani Conglomerate Acquires Orient Cement for $963 Million
Ambuja Cements Ltd., part of the Adani Group, acquired Orient Cement Ltd. for 81 billion rupees ($963 million), as billionaire Gautam Adani continues to snap up makers of the key raw material needed for India’s infrastructure push.
Adani's Ambuja Cements to acquire stake in India's Orient Cement at $964 million valuation
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.
Rs 8100 Cr acquisition! Gautam Adani's Ambuja Cement acquires 46.8% stake in Orient Cement
Billionaire Gautam Adani's Ambuja Cement is set to acquire 46.8 per cent stake in Orient Cement. The deal was valued at Rs 8100 crore or Rs 395.40 per share. Read on for more details.
Adani Group Buys Orient Cement as Race With Birla Heats Up
Ambuja Cements Ltd., part of the Adani Group, has agreed to acquire Orient Cement Ltd. in a deal valued at 81 billion rupees ($963 million), as billionaire Gautam Adani continues to snap up makers of the key raw material needed for India’s infrastructure push.
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