Section

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 - 8 hours 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.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.