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Ambuja Cement Acquires Orient Cement
Ambuja Cements to Acquire 46.8% Stake in Orient Cement, Open Offer Triggered for Public Shareholders
With this acquisition, Ambuja Cements will enhance its total operational capacity to 97.4 MTPA, fast-tracking its goal to achieve over 100 MTPA by March 2025.
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.
Ambuja Cements Can Bolster South Foothold With Orient Acquisition, Says Nomura
Excluding the Orient acquisition, the Adani Group-owned cement manufacturer will register a capacity CAGR of 18% versus 9% for industry leader UltraTech Cement Ltd., Nomura said. The newsflow is positive for Ambuja Cements and the industry at large, Morgan Stanley said in a report after the acquisition.
2d
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, ...
20h
Ambuja Cements shares gain 0.98% as Sensex falls
Shares of the Ambuja Cements Ltd. traded at Rs 560.9 on BSE at 11:05AM (IST) on Thursday, up 0.98 per cent. The stock quoted ...
1d
Ambuja Cements empowers Gujarat's coastal communities through transformative CSR initiatives
Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, continues its unwavering com ...
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