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Ambuja Cements acquires 46.8% stake in Orient Cement
Adani's Ambuja to buy $451 million 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.
Big move by Gautam Adani: Ambuja Cements to acquire this cement brand for Rs 8100 crore
The latest acquisition will add 16.6 MTPA (million tonne per annum) capacity to Adani Cement, which operates through Ambuja Cements in the sector.
Is Ambuja overpaying for Orient Cement?
Ambuja’s acquisition of a significant stake in Orient Cement is a strategic bet on India’s growth story, but with earnings under pressure, the challenge now lies in making the premium payout deliver returns.
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.
Ambuja Cements to acquire Orient Cement at an equity value of ₹8,100 crore
The deal will also provide Ambuja Cements potential additional capacity of 6 MTPA in North India, leveraging Orient Cement's high quality limestone reserves in Rajasthan.
Ambuja Cements to buy 47% stake in Orient Cement at Rs 8,100 crore valuation
Sharing the rationale behind this investment, Ambuja said it helps the company to increase its presence by 8.5 MTPA in core market of South & West India.
Ambuja Cements acquires 46.8% stake in Orient Cement for ₹8,100 cr
Ambuja Cements acquires 46.8% stake in Orient Cement for ₹8,100 crore, aiming to increase market share and capacity.
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.
Adani Group Buys Orient Cement as Race With Birla Heats Up
Ambuja Cements Ltd., part of the Adani Group, has agreed to acquire Orient Cement Ltd. in a deal valued at 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.
Ambuja Cements to Acquire 46.8% Stake in Orient Cement, Open Offer Triggered for Public Shareholders
With this acquisition, Ambuja Cements will enhance its total operational capacity to 97.4 MTPA, fast-tracking its goal to achieve over 100 MTPA by March 2025.
Adani's Ambuja to buy a 47% stake in Orient Cement for $451 million
Ambuja Cements, India's No.2 cement maker, said on Tuesday that it would buy a nearly 47% stake in rival Orient Cement for 37.91 billion rupees ($451 million), but analysts said there were doubts about the deal receiving regulatory approval.
8h
Strong protests at public hearing on Ambuja plant
Don’t give permission to cement factory, demand localsThousands of people from nearby villages joined the protests, holding ...
realty.economictimes.indiatimes
1h
Public hearing on proposed Ambuja cement plant held amid opposition by BRS in Telangana
A notification was issued for the public hearing a month ago as per procedures and people's views were taken today at the ...
ndtvprofit
1d
Ambuja Cements Can Bolster South Foothold With Orient Acquisition, Says Nomura
Excluding the Orient acquisition, the Adani Group-owned cement manufacturer will register a capacity CAGR of 18% versus 9% ...
12h
Ambuja Cements shares gain 0.98% as Sensex falls
Shares of the Ambuja Cements Ltd. traded at Rs 560.9 on BSE at 11:05AM (IST) on Thursday, up 0.98 per cent. The stock quoted ...
1d
Ambuja Cements empowers Gujarat's coastal communities through transformative CSR initiatives
Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, continues its unwavering com ...
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