US EditionAmbuja Cements, Orient Cement Shares Surge up to 10%; ACC Tanks on Board Approval for Merger — Check Details
13 Articles
13 Articles
Cement consolidation: Ambuja merges ACC and Orient into one platform; what the Adani Group’s scale bet means for investors
Ambuja Cements is merging ACC and Orient Cement into itself, creating a unified listed platform for enhanced operating leverage and cost synergies. This share-based transaction aims to consolidate Adani Group's cement assets, simplifying operations and bolstering expansion plans.
Ambuja Cement share price: This will result in ACC, Orient, Sanghi and Penna Cement merging into Ambuja. A single platform for cement operations will be created across the country. This will increase operational synergies and reduce costs. It will help in increasing margins up to 100 PMT. Currently, approval of CCI, shareholders, creditors, SEBI and NCLT is pending for this merger. The merger is expected to be completed in 12 months - ambuja cem…
Ambuja Cements, Orient Cement shares surge up to 10%; ACC tanks on board approval for merger — Check details
Ambuja Cements-ACC-Orient Cement merger: Shares of Ambuja Cement and Orient Cement rallied up to 10%, while ACC fell following the merger announcement. Domestic brokerage MOSL said the announcement is a positive development.
Times of India
realtynmore.comAdani's Ambuja Cements approves merger of ACC and Orient Cement; to create pan-India cement giant
Ambuja Cements, part of the Adani Group, has approved merging ACC Ltd and Orient Cement Ltd into a single entity. This consolidation aims to create a nationwide cement platform with enhanced operational efficiencies and financial synergies.
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