Ambuja Cements Orient Cement Acquisition: Adani Group’s Company Agrees To Acquire 46.8% Stake in C K Birla’s OCL for Equity Value of INR 8,100 Crore
Adani Group's Ambuja Cement agreed to acquire Orient Cement owned by C K Birla Group for an equity stake of INR 8,100 crore. The Ambuja Cements Orient Cement Acquisition would allow Adani Group to strengthen its position in cement industry. Ambuja agreed to acquire 46.8% stake in OCL.
Adani Group's Ambuja Cement recently announced the acquisition of C K Birla's family-owned Orient Cement (OLC) for an equity value of INR 8,100 crore. The Ambuja Cements Orient Cement acquisition aims to help the Adani Group's foothold in the cement sector as the conglomerate already owns another cement company, ACC Limited. The Orient Cement would add to its portfolio and reportedly help the Adani Group to become India's leading cement producer. It would compete against the companies like Ultra Tech and Birla Group to top the market. Adani's Ambuja Cement announced the acquisition of a 46.8% stake in OLC. Paytm Receives Approval From NPCI to Onboard New UPI Users Months After RBI Restrictions.
Ambuja Cements Orient Cement Acquisition To Allow Adani Gain Strong Presence in Cement Industry
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