Orient Cement Limited — JV/Acquisition, 22-12-2025: Amalgamation/Merger

Ambuja Cements is merging with its subsidiary, Orient Cement, to unlock synergies and streamline their cement operations. OCL shareholders (excluding Ambuja) will receive 33 Ambuja shares (₹2 FV) for every 100 OCL shares (₹1 FV). This strategic move combines OCL's ~₹2,709 Cr revenue and ~₹1,808 Cr net worth with Ambuja's scale. The objective is focused growth, operational efficiency, and stronger competitiveness for the merged entity. The merger, pending regulatory approvals, will slightly dilute Ambuja's promoter stake while increasing public shareholding.