Adani group to acquire Orient Cement at Rs 8100 crore valuation

Ambuja Cements, owned by the Adani Group, announced acquiring a 37.90% stake in Orient Cement from the CK Birla family for Rs 3070 crore. This deal is part of the larger consolidation trend in India’s cement industry, with major players like UltraTech Cement also expanding through acquisitions. The transaction aims to increase Ambuja’s market share, pending regulatory approvals.