In a significant move, Ambuja Cements, part of the Adani Group, is set to acquire a 46.8 per cent stake in Orient Cement Limited (OCL), as per a regulatory filing. The transaction, valued at INR ...

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 ...

Ambuja Cements, an Adani Group company, has acquired 46.8 per cent stake in Orient Cement for ₹8,100 crore from its promoters. The company will make an open offer to shareholders of Orient ...

India's cement industry is undergoing significant consolidation driven by rising demand. Large firms like UltraTech and ...

Adani Group company Ambuja Cements said Tuesday it has agreed to acquire CK Birla group company Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore ($964 million). Ambuja will acquire 46.8% ...

Ambuja Cements' acquisition of a 46.8% stake in Orient Cement for ₹ 395.4 per share has sparked debate about whether the company is paying a premium in a competitive market.

BENGALURU, June 13 (Reuters) - Adani-backed Ambuja Cements (ABUJ.NS), opens new tab bought out smaller rival Penna Cement Industries PENC.NS on Thursday for an enterprise value of 104.22 billion ...

The promoters of Ambuja Cement are looking to raise $ 500 million by selling 2.84% stake in the company in a block deal, according to a Bloomberg report on Thursday. Ambuja Cements’ promoter ...

Ambuja Cements, an Adani group firm on Thursday, June 13, announced the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of ₹10,422 crore. A binding agreement for the ...