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Ambuja Cements to merge with ACC and Orient Cement, creating a larger, more efficient cement company.
Ambuja Cements, part of the Adani Group, has approved merging ACC and Orient Cement into itself, creating a unified cement entity.
Shareholders of ACC and Orient Cement will receive new shares at ratios of 328 and 33 per 100 existing shares, respectively.
The merger, pending regulatory approval, aims to boost efficiency, cut costs by at least Rs 100 per ton, and expand capacity to 155 million tonnes by FY28.
The combined company will streamline operations, enhance competitiveness, and support sustainability goals.
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Ambuja Cements se fusionará con ACC y Orient Cement, creando una compañía de cemento más grande y eficiente.