Ambuja Cements, owned by Gautam Adani, is seeking regulatory approval to acquire a majority stake in Orient Cement for Rs 8,100 crore. The two-stage deal involves an initial purchase of a 46.80% stake, followed by an open offer that could increase Ambuja's ownership to 72.8%. This acquisition will significantly boost Adani Cement's capacity, adding 16.6 MTPA to its existing operations. Read The Rest at :
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