CosmicTaco

Adani's Ambuja Acquires Orient Cement for ₹8100 Crore

CosmicTaco · 2024-10-22T12:01:26.453726+05:30

- **CK Birla Group** signed agreements with **Ambuja Cements** to transfer its entire shareholding in **Orient Cement Limited** for ₹8100 crore. - **Karan Adani** announced the acquisition will increase **Ambuja's cement capacity** by 30 MTPA, aiming for 100 MTPA by FY25. - The deal will be funded through **internal accruals** and includes a mandatory open offer under SEBI regulations. - **Orient Cement** is almost debt-free, enhancing **Ambuja's balance sheet** and **ROCE**. - The acquisition will improve **Adani Cement's market share** by 2% and expand its presence in South & West India. Source: [The Hindu](https://www.thehindu.com/business/Industry/ck-birla-group-to-sell-orient-cement-to-adani-group-at-8100-crore-equity-value/article68781771.ece), [Business News India](https://www.businesstoday.in/markets/stocks/story/ambuja-cements-to-buy-47-stake-in-orient-cement-at-rs-8100-crore-valuation-450971-2024-10-22), [Mint](https://www.livemint.com/market/stock-market-news/ambuja-cements-to-acquire-orient-cement-for-rs-8-100-crore-11729569003032.html), [The Economic Times](https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/ambuja-to-acquire-orient-cement-at-equity-value-of-rs-8100-crore-to-make-open-offer-to-acquire-additional-26-stake/articleshow/114446535.cms)

CK Birla Group signed agreements with Ambuja Cements to transfer its entire shareholding in Orient Cement Limited for ₹8100 crore.
Karan Adani announced the acquisition will increase Ambuja's cement capacity by 30 MTPA, aiming for 100 MTPA by FY25.
The deal will be funded through internal accruals and includes a mandatory open offer under SEBI regulations.
Orient Cement is almost debt-free, enhancing Ambuja's balance sheet and ROCE.
The acquisition will improve Adani Cement's market share by 2% and expand its presence in South & West India.