Ambuja Cements, part of the Adani Group, is set to acquire a 46.8% stake in Orient Cement for Rs 8,100 crore. The deal includes buying 37.9% from Orient Cement's promoters and an additional 8.9% from public shareholders at Rs 395.4 per share.
After this, Ambuja will launch an open offer for 26% more equity. This acquisition will boost Ambuja's cement capacity by 16.6 million tonnes per year, with 8.5 MTPA operational and another 8.1 MTPA under development, enhancing their market presence significantly.