Cement Giants Merge! Ambuja Cements Strikes Deal with Orient Cement for Massive Consolidation

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AuthorAarav Shah|Published at:
Cement Giants Merge! Ambuja Cements Strikes Deal with Orient Cement for Massive Consolidation
Overview

Ambuja Cements Limited and Orient Cement Limited are set to merge in a significant industry consolidation. The deal involves Ambuja Cements issuing its own shares to the shareholders of Orient Cement, with Ambuja's existing stake in Orient being cancelled. The law firm Cyril Amarchand Mangaldas advised both companies on this strategic transaction. This merger follows Ambuja's ongoing integration with ACC Cement, signaling a major push for scale in the Indian cement market.

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