Adani Cements would purchase a 46.8% share in Orient Cement at an equity value of Rs 8,100 crore
On Tuesday, Ambuja Cements, which Adani controls, declared that it has finalized a deal to buy Orient Cement Ltd (OCL) for an equity worth Rs 8,100 crore. According to the company, Ambuja will purchase 46.8% of OCL’s shares from its present proprietors and some public shareholders. Internal accruals will entirely finance the transaction. For Rs…