By Debdeep Gupta | 22 Oct, 2024
Ambuja Cements to acquire 46.8% stake in Orient Cement from promoters, public at Rs 8,100 crore valuation
Ambuja Cements Ltd, part of the Adani Group, has announced that it will acquire a 46.8 percent stake in Orient Cement Ltd, at an equity value of Rs 8,100 crore. The deal will be executed through the purchase of shares from the promoters of Orient Cement as well as certain public shareholders, at Rs 395.4 per share.The acquisition will be carried out in two stages: Ambuja Cements will acquire 37.9 ...
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