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 Group Buys 47% Stake In Orient Cement For Rs 8,100 Crore – Check Out The Key Details
Adani Group’s company Ambuja Cements has entered into a definitive agreement to acquire Orient Cement Ltd for Rs 8,100 crore. Ambuja Cements will acquire a 46.8% stake in Orient Cement from its existing promoters and select public shareholders.
Adani Conglomerate Acquires Orient Cement for $963 Million
Ambuja Cements Ltd., part of the Adani Group, acquired Orient Cement Ltd. for 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.
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.
Adani Group to acquire CK Birla group firm Orient Cement at ₹8,100 crore valuation
Gautam Adani-led Adani Group on Tuesday said it will acquire CK Birla group firm Orient Cement at a valuation of ₹8,100 crore as part of its expansion drive. Ambuja Cements, the cement and building material company of Adani Cement and part of the diversified Adani Group,
Reuters16d
Adani Group in talks to buy Heidelberg's Indian cement operations, paper says
BENGALURU, Oct 7 (Reuters) - The Adani Group is in talks to buy the Indian cement operations of Germany's Heidelberg Materials (HEIG.DE), opens new tab in a deal that could be worth about $1.2 ...
India's CAM, Khaitan and Wadia Ghandy Drive Multimillion-Dollar Acquisitions by Adani, Kotak Mahindra and JSE, JSW Steel
The firms are advising on major transactions involving Indian conglomerate Adani Group, British bank Standard Chartered as ...
Mint15d
Ambuja and ACC: Are wedding bells ringing?
The Adani group is weighing a plan to merge Ambuja Cements Ltd and ACC Ltd that it acquired two years ago into a single entity, two people aware of the plan said, creating a cement behemoth worth ...
Reuters16d
Major deals in India's cement sector since Adani Group's entry in 2022
Oct 7 (Reuters) - Dealmaking in India's cement sector is in the spotlight again, after a report said Adani Group is in talks to buy the local operations of Germany's Heidelberg Materials (HEIG.DE ...
Business Times15d
Adani Group in talks to buy Heidelberg's Indian cement operations
The Adani Group is in talks to buy the Indian cement operations of Germany’s Heidelberg Materials in a deal that could be worth about US$1.2 billion, the Economic Times newspaper said on Monday ...
Mint14d
Cement sector consolidation is good for shareholders. But what about consumers?
But consolidation is far from over. Large companies such as UltraTech Cement and the Adani Group have set aggressive medium term capacity targets. UltraTech, which just acquired India Cements ...