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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.
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6h
Adani Group to acquire Orient Cement
Adani Group on Tuesday said it has agreed to acquire CK Birla group firm Orient Cement Ltd in a deal valued at Rs 8,100 crore ...
ndtvprofit
6h
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% ...
2d
Stock Radar: 16% rally in a week! Orient Cement stock breaks out from downward sloping trendline on weekly charts
Orient Cement surged over 16% in a week, breaking out from a falling trendline resistance and forming a 'Handle' pattern on ...
6d
on MSN
Orient Cement shares zoomed 17% in 3 sessions. Here's why
The stock rose 4.32 per cent to hit a day-high value of Rs 342.50. At this price, it has surged 17.11 per cent in three ...
6d
Trade Spotlight: How should you trade HDFC AMC, Finolex Industries, Orient Cement, CESC, ITD Cementation and others on Thursday?
The consolidation in the market is expected to continue, with a focus on stock-specific action amid the earnings season.
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