Ambuja Cements Limited — Important, 22-10-2024: General Updates

Ambuja Cements is set to acquire a 46.8% stake in Orient Cement Limited, triggering a public open offer of 26% shares. The deal, valued at Rs. 8,100 Crores (Rs. 395.40/share), will be funded through internal accruals, adding 8.5 MTPA operational capacity and paving the way for future expansions. This acquisition boosts Ambuja’s capacity to 97.4 MTPA, enhancing its market presence and operational efficiency across India while aiming for sustainable EBITDA growth and improved returns.