Ambuja Cements, part of the Adani Group, has acquired a 46.8% share in Orient Cement from the CK Birla Group for ₹ 8,100 crore.https://www.msn.com/en-in/money/topstories/ambuja-buys-orient-cement-from-ck-birla-for-3791-crore/https://www.livemint.com/market/stock-market-news/ambuja-cements-to-acquire-orient-cement-for-rs-8-100-crore. This acquisition is expected to significantly increase Ambuja’s cement production capacity, adding around 30 million tonnes per annum (MTPA) and enabling the firm attain its aim of 100 MTPA by FY25. https://www.livemint.com/market/stock-market-news/ambuja-cements-to-acquire-orient-cement-for-rs-8-100-crore/amp-117 https://www.msn.com/en-in/news/other/ambuja-cement-acquires-orient-cements-for-rs-8-100-crore-details-here.
The transaction includes an open offer for an additional 26% interest and intends to increase Ambuja’s market dominance in India. This strategic move is part of Ambuja’s fast growth strategy, which will take advantage of Orient Cement’s efficient operations and key sites.
