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PENNA TRANSACTION
Ambuja Cements, Orient Cement shares zoom up to 10% following board approval for merger with Orient CementAmbuja Cement share price witnessed a surge on Tuesday after the company embarked on a merger with ACC Ltd and Orient Cement Ltd, a move de...- Adani Group consolidates cement assets: Ambuja Cements to merge ACC & Orient CementAdani Group is consolidating its cement assets, merging ACC Ltd and Orient Cement into Ambuja Cements to create a single pan-India entity. ...
- Adani's Ambuja Cements approves merger of ACC and Orient Cement; to create pan-India cement giantAmbuja Cements, part of the Adani Group, has approved merging ACC Ltd and Orient Cement Ltd into a single entity. This consolidation aims t...
- New leadership for India Cements, UltraTech appoints new CEO & CFO for new subsidiaryIndia Cements Ltd announces new leadership with appointments of Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO. Following Ultr...
- Ambuja Cement merger with Sanghi Industries, Penna Cement will pave way for industry leadershipAmbuja Cement is merging with Sanghi Industries Limited (SIL) and Penna Cement Industries to enhance governance, efficiency, and competitiv...
- Star Cement shares surge over 13% on reports of potential acquisition by Adani-led Ambuja CementStar Cement Share Price: Star Cement, the leading cement producer in Northeast India, currently has a production capacity of 7.7 million to...
- Adani Infra to buy 30% stake in PSP ProjectsAdani Infra, a subsidiary of Adani Group, is set to acquire a 30.07% stake in PSP Projects for ₹685.4 crore. This strategic move aims to bo...
- Ambuja Cements seeks CCI nod to acquire majority stake in Orient CementAmbuja Cements, owned by Gautam Adani, is seeking regulatory approval to acquire a majority stake in Orient Cement for Rs 8,100 crore. The ...
- Adani Cement takes over CK Birla's Orient Cement in ₹8,100 cr dealAdani Cement announced the acquisition of Orient Cement from CK Birla Group for ₹8,100 crore. This deal boosts Adani Cement's market share ...
- Major deals in India's cement sector since Adani Group's entry in 2022: A timelineAmbuja Cements will acquire a 47% stake in Orient Cement for $451 million, as India's cement sector sees significant deal-making activity. ...
- As M&A scene hots up, India Inc strengthens in-house legal teamsLarge Indian conglomerates are strengthening their in-house legal teams with M&A specialists due to a surge in local and cross-border deals...
- Ambuja Cement added 275 million tonne in limestone reserves during Apr-Jun quarterAmbuja Cements reported significant growth in the April-June quarter, adding 275 million tonnes in limestone reserves. The company highligh...
- Ambuja Cements Q1 Results: Standalone profit falls 12% YoY to Rs 571 crore, revenue drops 5%Ambuja Cements saw an 11.5% drop in standalone profit to Rs 571 crore for the June quarter. Revenue decreased 4.5% to Rs 4,516 crore. Opera...
- JSW joins the race to buy CK Birla’s flagship Orient CementStock has rallied 56% in 3 months, can help to ramp up capacity to 24 MTPA. Adani, Ultratech both has been in negotiations to take over com...
- India Cements buy to bolster UltraTech's hold over SouthUltraTech Cement's acquisition of a controlling stake in India Cements, based in Chennai, aims to solidify its leading position in the high...
- Ambuja Cements board approves merger of Adani Cementation with companyACL has acquired land to set up 2.5 MTPA (million tonnes per annum) along with captive jetty at Amba River, Raigad (Maharashtra). Besides, ...
- Penna buy to cut logistics costs for Adani Cements: CFO Vinod BahetyAdani Cements uses the sea route for some transportation at Sanghi Industries and Ambuja Cements. "The plan for sea logistics will mature n...
- Adani's ₹10,000 crore cement bet set to pay-off in battle with UltraTech, with gains across India, Sri LankaThe Penna Cements acquisition, announced on Thursday, will set the Adani Group back by ₹10,422 crore. The cement maker said that the transa...
- Ambuja cements deal to acquire Hyderabad-based PennaOf the enterprise value, Ambuja Cement will hold back around ₹3,500 crore as milestone payments for completion of 2 million tonne (MT) ceme...
- What changed your markets while you were sleepingLet's check out what might matter to Dalal Street on Monday.
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