Adani Group's Ambuja Cement recently announced the acquisition of C K Birla's family-owned Orient Cement (OLC) for an equity value of INR 8,100 crore. The Ambuja Cements Orient Cement acquisition aims to help the Adani Group's foothold in the cement sector as the conglomerate already owns another cement company, ACC Limited. The Orient Cement would add to its portfolio and reportedly help the Adani Group to become India's leading cement producer. It would compete against the companies like Ultra Tech and Birla Group to top the market. Adani's Ambuja Cement announced the acquisition of a 46.8% stake in OLC. Paytm Receives Approval From NPCI to Onboard New UPI Users Months After RBI Restrictions.

Ambuja Cements Orient Cement Acquisition To Allow Adani Gain Strong Presence in Cement Industry

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