Brief: Ambuja Cements Acquires 37.90% Of Orient Cement For 395.40 Rupees/Share

Orient Cement

22/10/2024 04:43

Oct 22 (Reuters) - Ambuja Cements Ltd  ABUJ.NS :
    * ACQUIRES 37.90% OF ORIENT CEMENT FOR 395.40 RUPEES PER
SHARE
    * ACQUISITION OF ORIENT CEMENT
    * ACQUIRES 8.90% OF ORIENT CEMENT FOR 395.40 RUPEES PER
SHARE
    * ADANI ACQUIRES ORIENT CEMENT AT 81 BILLION RUPEES EQUITY
VALUE
    * ACQUISITION OF 37.90% STAKE OF ORIENT CEMENT
    * ACQUISITION WILL BE FULLY FUNDED THROUGH INTERNAL ACCRUALS
    * DEAL FOR 395.40 RUPEESPER SHARE

Source text for Eikon:  ID:nBSE592Tlb 
Further company coverage:  ABUJ.NS 

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