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Adani Group Buys Orient Cement
Adani Group Buys Orient Cement as Race With Birla Heats Up
Ambuja Cements Ltd., part of the Adani Group, has agreed to acquire Orient Cement Ltd. in a deal valued at 81 billion rupees ($963 million), as billionaire Gautam Adani continues to snap up makers of the key raw material needed for India’s infrastructure push.
Indian Billionaire Gautam Adani Buys Orient Cement As Rivalry Intensifies
Billionaire Gautam Adani's Ambuja Cements agreed to buy a 47% stake in Orient Cement in a deal valued at $963 million, stepping up acquisitions amid intensifying rivalry with tycoon Kumar Mangalam Birla.
Adani's Ambuja to buy a 47% stake in Orient Cement for $451 million
Ambuja Cements, India's No.2 cement maker, said on Tuesday that it would buy a nearly 47% stake in rival Orient Cement for 37.91 billion rupees ($451 million), but analysts said there were doubts about the deal receiving regulatory approval.
Adani Acquires Orient Cement At Rs 8,100 Crore Equity Value
OCL has 5.6 MTPA clinker capacity and 8.5 MTPA cement capacity along with statutory clearance to increase the clinker capacity by another 6.0 MTPA and cement capacity by another 8.1 MTPA
Adani Group Acquires Orient Cement for ₹8,100 Crore, Targets 100+ MTPA Capacity by FY25
Adani Group has acquired Orient Cement for Rs 8,100 crore, aiming to surpass 100+ MTPA operational capacity by FY25, further strengthening its position in India's cement industry.
Adani's Ambuja to buy $451 mln stake in CK Birla's Orient Cement, stokes regulatory worries
Ambuja Cements , India's No.2 cement maker, said on Tuesday it would buy a nearly 47% stake in rival Orient Cement for 37.91 billion rupees ($451 million), but analysts raised doubts about the deal winning regulatory approval.
Is Ambuja overpaying for Orient Cement?
Ambuja’s acquisition of a significant stake in Orient Cement is a strategic bet on India’s growth story, but with earnings under pressure, the challenge now lies in making the premium payout deliver returns.
Ambuja Cements acquires Orient Cement at Rs 8,100 crore equity value
Ambuja Cements will acquire 46.8% shares of OCL from its current promoters and certain public shareholders. The acquisition will be fully funded through internal accruals.
Ambuja Cements to acquire Orient Cement at an equity value of ₹8,100 crore
The deal will also provide Ambuja Cements potential additional capacity of 6 MTPA in North India, leveraging Orient Cement's high quality limestone reserves in Rajasthan.
Ambuja's Orient buy steps up cement war
Ambuja Cements, part of Adani Group, will acquire a 46.8% stake in Orient Cement Ltd for ₹8,100 crore. The deal includes an open offer for an additional 26% stake and aims to enhance Ambuja's cement capacity to 100 MTPA by FY25.
Ambuja Cements acquires 46.8% stake in Orient Cement for Rs 8,100 crore
Ambuja Cements, an Adani Group company, is set to acquire a 46.8% stake in Orient Cement Ltd for Rs 8,100 crore, aiming to boost its capacity by 30 MT
Indian Television Dot Com
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Adani acquires Orient Cement for Rs 8,100 crore to boost cement capacity
Mumbai: Ambuja Cements, part of the Adani Group, announces the acquisition of Orient Cement Ltd. (OCL) at an equity value of ...
ndtvprofit
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Ambuja Cements Can Bolster South Foothold With Orient Acquisition, Says Nomura
Excluding the Orient acquisition, the Adani Group-owned cement manufacturer will register a capacity CAGR of 18% versus 9% ...
3d
Stock Radar: 16% rally in a week! Orient Cement stock breaks out from downward sloping trendline on weekly charts
Orient Cement surged over 16% in a week, breaking out from a falling trendline resistance and forming a 'Handle' pattern on ...
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