Adani-led Ambuja Cements buys 47% stake in Orient Cement for ₹8,100 cr
The Ambuja-Orient deal marks another acquisition after ₹10,422 cr Penna Cement buyout in June this year; to boost Ambuja's capacity by 16.6 mn tonnes
The Ambuja-Orient deal marks another acquisition after ₹10,422 cr Penna Cement buyout in June this year; to boost Ambuja's capacity by 16.6 mn tonnes
UltraTech Cement is reportedly in talks to buy a stake in this mid-size cement manufacturer.
Shares of Ambuja, UltraTech, Orient, JK Cement, India Cements, and HeidelbergCement climbed up to 4% amid hopes of a possible reduction in the GST rate on cement.
The BSE has sought clarification from Orient Cement on a report that Adani Group is in talks to buy promoter stake in the company.