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Indian Billionaire Gautam Adani Buys Orient Cement
Indian Billionaire Gautam Adani Buys Orient Cement As Rivalry Intensifies
Billionaire Gautam Adani's Ambuja Cements agreed to buy a 47% stake in Orient Cement in a deal valued at $963 million, stepping up acquisitions amid intensifying rivalry with tycoon Kumar Mangalam Birla.
Adani Group Buys Orient Cement as Race With Birla Heats Up
Ambuja Cements Ltd., part of the Adani Group, has agreed to acquire Orient Cement Ltd. in a deal valued at 81 billion rupees ($963 million), as billionaire Gautam Adani continues to snap up makers of the key raw material needed for India’s infrastructure push.
Adani's Ambuja to buy $451 mln stake in CK Birla's Orient Cement, stokes regulatory worries
Ambuja Cements , India's No.2 cement maker, said on Tuesday it would buy a nearly 47% stake in rival Orient Cement for 37.91 billion rupees ($451 million), but analysts raised doubts about the deal winning regulatory approval.
Adani Group to acquire Orient Cement
Adani Group on Tuesday said it has agreed to acquire CK Birla group firm Orient Cement Ltd in a deal valued at Rs 8,100 crore, as billionaire Gautam Adani-run conglomerate snaps up smaller rivals to challenge India’s top cement maker UltraTech.
Gautam Adani's Ambuja expands empire with Rs 8,100 crore Orient Cement acquisition
The deal values Orient Cement’s operational and ready-to-implement capacity at $58 per tonne, significantly lower than the greenfield set-up cost of $110-120 per tonne. The operational capacity valuation is pegged at $113 per tonne.
Adani's Ambuja Cements to acquire stake in India's Orient Cement at $964 million valuation
India's Ambuja Cements said on Tuesday it would acquire a 46.8% stake in Orient Cement, valuing the company at 81 billion rupees ($963.5 million). The Adani-owned cement maker will buy the Telangana-based company's shares at 395.
Adani Conglomerate Acquires Orient Cement for $963 Million
Ambuja Cements Ltd., part of the Adani Group, acquired Orient Cement Ltd. for 81 billion rupees ($963 million), as billionaire Gautam Adani continues to snap up makers of the key raw material needed for India’s infrastructure push.
21h
Good news for Gautam Adani, his Rs 121000 crore company's net profit jumps 172% to Rs...
The consolidated net profit of the Adani Group company stood at Rs 284.09 crore in the quarter ended in September last year.
The Financial Express
2d
In 24 hours: Mukesh Ambani loses thousands of crores while Gautam Adani gains Rs 2,235 crore
Mukesh Ambani's Fortune Dips Significantly in a Day; Gautam Adani Sees a Rs 2,235 Crore Boost Mukesh Ambani recently ...
1h
Revanth Reddy in double-engine arrangement with Modi-Adani to loot Telangana, says KTR
Rama Rao stated that Revanth Reddy bowed to the diktats of Modi by handing over 2,900 acres at Damagundam for the VLF radar ...
3d
'The answer lies in the...': Gautam Adani gets candid on why he didn't complete his education
Gautam Adani, one of the leading businessmen and the chairperson of Adani Group, revealed why he didn't complete his ...
devdiscourse
21h
Adani Group's Strategic Expansion: Cementing a New Era
Adani Group, led by Gautam Adani, has announced the acquisition of CK Birla's Orient Cement for Rs 8,100 crore. This move ...
12d
Gautam Adani On How Ratan Tata Shaped His Business Decisions, Philosophy
Adani Group Chairman Gautam Adani has called Ratan Tata "the perfect Renaissance man" in an obituary remembering one of the ...
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