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Ambuja to acquire Orient Cement at equity value of Rs 8,100 crore; to make open offer to acquire additional 26% stake

By Economic Times - a month ago
Ambuja Orient Cement: 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, helping it to reach 100 MTPA by FY 25. The acquisition will enhance its market presence in core areas.

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