CK Birla Group is set to sell Orient Cement to Adani Group for an equity valuation of ₹8,100 crore.
On October 22, 2024, the CK Birla Group signed decisive agreements to transfer its entire shareholding in Orient Cement Ltd. to Adani Group’s Ambuja Cements. The deal values the company’s equity at ₹8100 crore (USD 964 million), setting the price at ₹395.4 per share. Despite this news, Orient Cement’s stock price fell by 1.32% on…
