Orient Cement Limited
Orient Cement Ltd is primarily engaged in the manufacture and sale of Cement and its manufacturing facilities at present are located at Devapur in Telangana, Chittapur in Karnataka and Jalgaon in Maharashtra.
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Orient Cement and Ambuja Cements have received crucial 'no adverse objection' letters from BSE and 'no objection' from NSE for their proposed merger, a scheme previously approved by their respective Boards. This clears a significant regulatory hurdle, allowing both companies to now file the amalgamation scheme with the National Company...
Ambuja Cements is set to merge with its subsidiary Orient Cement (OCL), a move to gain full ownership and drive significant synergies. This consolidation aims for enhanced operational efficiencies, a streamlined structure, and greater long-term shareholder value. Orient Cement shareholders will receive 33 Ambuja shares (₹2 FV) for every 100...
Ambuja Cements is merging with its subsidiary, Orient Cement, to unlock synergies and streamline their cement operations. OCL shareholders (excluding Ambuja) will receive 33 Ambuja shares (₹2 FV) for every 100 OCL shares (₹1 FV). This strategic move combines OCL's ~₹2,709 Cr revenue and ~₹1,808 Cr net worth with Ambuja's...