Adani Cements to acquire 46.8% stake in Orient Cement at Rs 8,100 crore equity value

Ambuja Cements, owned by Adani, will acquire a 46.8% stake in Orient Cement for Rs 8,100 crore. The acquisition will be funded through internal accruals and will increase Ambuja’s cement capacity by 30 MTPA. Additionally, Ambuja will make an open offer for an additional 26% stake. The acquisition will also help Ambuja increase its market […]