Ambuja buys Orient Cement from CK Birla for 3,791 crore

Ambuja Cements, controlled by Gautam Adani, is set to acquire a 47% stake in Orient Cement from Chandra Kant Birla for Rs 3,791 crore. This move, along with an open offer for an additional 26% stake, aims to challenge UltraTech Cement's industry dominance and increase Ambuja's cement capacity to 97 million tonnes.

Oct 23, 2024 - 06:30

Ambuja buys Orient Cement from CK Birla for 3,791 crore

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Ambuja Cements, controlled by Gautam Adani, is set to acquire a 47% stake in Orient Cement from Chandra Kant Birla for Rs 3,791 crore. This move, along with an open offer for an additional 26% stake, aims to challenge UltraTech Cement's industry dominance and increase Ambuja's cement capacity to 97 million tonnes.