Ambuja Cements to acquire a 46.8% stake in Orient Cement for INR37.91bn.

Ambuja Cements, a major Indian cement producing company, agreed to acquire a 46.8% stake in Orient Cement, a cement manufacturer in India, for INR37.91bn. "This timed acquisition marks another significant step forward in Ambuja Cements’ accelerated growth journey, increasing cement capacity by ~30 MTPA within two years of Ambuja’s acquisition," Karan Adani, Ambuja Cements Director.