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.
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.
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.
India's Ambuja Cements to buy 46.8% stake in Orient Cement for $964 mln
India's Ambuja Cements said on Tuesday it has entered into a deal to acquire a 46.8% stake in Orient Cement , for 81 billion rupees ($963.5 million).
Ambuja Cements to acquire Orient Cement for ₹8,100 crore equity value, to launch open offer for 26% stake
Ambuja Cements, part of the Adani Group, announced the signing of a binding agreement to acquire Orient Cement Ltd (OCL) for an equity value of ₹8,100 crore on Tuesday, October 22. Ambuja will purchase a 46.
Ambuja to acquire Orient Cement at equity value of Rs 8,100 crore; to make open offer to acquire additional 26% stake
Ambuja Cement is set to acquire Orient Cement Ltd for Rs. 8,100 crore. The deal will be completed through an open offer to acquire an additional 26% stake. This move will increase Ambuja's cement capacity by 30 MTPA,
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