Orient Cement: How Adani is ‘cementing’ his presence in industry
Ambuja Cements, a subsidiary of the Adani Group, declared on Tuesday, October 22, that it has entered into a binding agreement to acquire Orient Cement Ltd (OCL) for an equity valuation of ₹8,100 crore. The acquisition involves Ambuja purchasing a 46.8% share in OCL from its current promoters and certain public shareholders at a price […]
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