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Adani acquires Orient Cement at INR 8,100 crore equity value

October 22, 2024 revoi editor

Ahmedabad, 22 October 2024: Ambuja Cements, the cement and building material company of Adani Cement and part of the diversified Adani Group, today announced the signing of a binding agreement for the acquisition of Orient Cement Ltd (OCL) at an equity value of Rs. 8,100 crore. Ambuja will acquire 46.8% shares of OCL from its […]

Business

Adani Cement refinances USD 3.5 billion from 10 international banks, terming out the acquisition finance facility by a tenor of 3 years

October 20, 2023 Vinayak Barot

Mauritius, 20 October 2023: Adani Cement, through Endeavour Trade and Investment Ltd, is pleased to announce the successful completion of its refinancing program for acquisition debt taken for Ambuja and ACC, through a USD 3,500 million financing package, raised from a clutch of international banks. This showcases Adani’s robust access to the global financial market […]

Business

Ambuja Cements exhibits Strength through consistent, significant sequential EBITDA growth by 35% at Rs. 962 Cr

May 2, 2023 Vinayak Barot

Ahmedabad, May 2nd, 2023: Ambuja Cements, the cement and building material company of Adani Cement and part of the diversified Adani Group, today announced the financial results for the quarter and full year ending March 31, 2023 (15 months). Synonymous with Strength, the Company has reinforced beyond the product through its stronger financial performance led […]