Adani Group Buys Orient Cement
Reuters · 2d
Adani's Ambuja to buy $451 mln stake in CK Birla's Orient Cement, stokes regulatory worries
Ambuja Cements , India's No.2 cement maker, said on Tuesday it would buy a nearly 47% stake in rival Orient Cement for 37.91 billion rupees ($451 million), but analysts raised doubts about the deal winning regulatory approval.
Indian Television Dot Com · 2d
Adani acquires Orient Cement for Rs 8,100 crore to boost cement capacity
Mumbai: Ambuja Cements, part of the Adani Group, announces the acquisition of Orient Cement Ltd. (OCL) at an equity value of Rs 8,100 crore, marking a significant step towards its goal of 100+ MTPA operational capacity by FY25.
devdiscourse · 2d
Ambuja Cements Expands with Strategic 46.8% Stake in Orient Cement
Ambuja Cements, part of Adani Group, is set to acquire a 46.8% stake in Orient Cement Ltd for Rs 8,100 crore. The acquisition boosts Ambuja's goal of 140 MTPA capacity by 2028, enhancing Adani Cement's market share and strengthening its portfolio with OCL's assets and strategic locations.
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