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

Ambuja Cements has announced a binding agreement to acquire a 46.8% stake in Orient Cement Limited for INR 8,100 crore. This acquisition will increase Ambuja's cement capacity and enhance its market share by 2%. Orient Cement, which has 5.6 MTPA clinker and 8.5 MTPA cement operational capacity, provides strategic advantages through high-quality limestone reserves and existing infrastructure. The purchase will be fully funded through internal accruals, maintaining Ambuja's debt-free status.