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Ambuja Cement Acquires Orient Cement
Adani's Ambuja to buy $451 million 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.
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 acquires 46.8% stake in Orient Cement for ₹8,100 cr
Ambuja Cements acquires 46.8% stake in Orient Cement for ₹8,100 crore, aiming to increase market share and capacity.
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4h
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% ...
1h
Ambuja Cements empowers Gujarat's coastal communities through transformative CSR initiatives
Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, continues its unwavering com ...
3h
Ambuja Cements share price up 0.9 per cent
Shares of Ambuja Cements Ltd. traded 0.9 per cent up at Rs 563.1 at around 11:45AM (IST) on Wednesday. The stock had closed ...
19h
Ultratech, Ambuja Cements eye more cement sector assets for expansion
Ambuja Cement aims to increase its production capacity from 100 million tonnes per annum (mtpa) to 140 mtpa by FY28. In ...
3h
Buy Ambuja Cement; target of Rs 756 Prabhudas Lilladher
Prabhudas Lilladher is bullish on Ambuja Cement has recommended buy rating on the stock with a target price of Rs 756 in its research report dated October 22, 2024.
3h
KTR condemns house arrest of BRS leaders over Adani-Ambuja cement factory’s public hearing
He demanded their immediate release, accusing the Congress government of using authoritarian tactics to suppress dissent and ...
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