Page 2 - Ambuja Cements Ltd News

Ambuja Cements seeks CCI approval to buy majority stake in Orient Cement

Billionaire Gautam Adani-led Ambuja Cements has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in CK Birla group firm Orient Cement Ltd in a Rs 8,100-crore deal. According to a CCI notice, the proposed transaction is a two-stage acquisition process, initiated through two share purchase agreements (SPAs) on October 22, 2024, will see Ambuja Cements initially acquiring a 46.80 per cent stake in Orient Cement. This includes a 37.90 per cent stake from the current promoter group and an additional 8.90 per cent from certain public shareholders. Pursuant to the acquisition of shares, it "triggers an obligation on the acquirer to make an open offer under Sebi's SAST (Substantial Acquisition of Shares and Takeovers) rules for acquisition of up to 26 per cent of the expanded share capital of the target (open offer)", according to the notice. Assuming full acceptance of open offer, the stake of Ambuja Cements will stand at 72.8 per cent, said a not

Ambuja Cements Q2FY25 results: Net profit dips 42.5% to Rs 456 crore

Adani group-backed entity saw a marginal 1.2% Y-o-Y rise in its revenue to Rs 7,516 cr

Ambuja Cements rivals UltraTech in limestone reserves via acquisitions

Gap in the two competitors' reserves is narrower than that in manufacturing capacities

Adani's Ambuja to acquire 46.8% stake in Orient Cement for Rs 8,100 cr

Adani pips Ultratech, makes open offer for CK Birla firm at Rs 395.40 a share

Key deals in India's cement sector since Adani Group's entry in 2022

A company tribunal approved Sagar Cements' $9.20 billion bid to take over Jaypee Group-owned Andhra Cements

Ambuja Cements climbs 2% after planning to buy 46.8% stake in Orient Cement

Ambuja Cements will acquire a 46.8 per cent stake in Orient Cement. The transaction will happen at an equity value of Rs 8,100 crore, or Rs 395.4 per share

Cement shares in focus as Ambuja to buy Orient; trading strategy here

Barring HeidelbergCement most of the cement stocks look technically weak on the charts; Ambuja Cements is on the verge of seeing a 'Death Cross' formation on the daily chart.

Adani Group stocks in focus; Energy Solutions, AEL rally up to 6%

Shares of Adani Energy Solutions, Adani Ports, Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas, Adani Wilmar and Ambuja Cements were up in the range of 2 to 6 per cent.