Ambuja Cements will buy 46.8% stake of Orient Cement: Deal made for Rs 8,100 crore, company will also bring open offer for 26% stake.

Ambuja Cements will buy 46.8% stake of Orient Cement: Deal made for Rs 8,100 crore, company will also bring open offer for 26% stake.

Mumbai4 minutes ago copy link Adani Group’s Ambuja Cements Limited today (October 22) announced that it will acquire 46.8% stake in Orient Cement Limited (OCL) for Rs 8,100 crore. This deal will be completed by purchasing stocks from the promoters of OCL and some public shareholders at the rate of Rs 395.4 per share. Ambuja…

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