Adani-owned Ambuja Cements approves amalgamation of ACC and Orient Cement into it
Mumbai, Dec 23 (UNI) The Adani Group has officially announced that the board of Ambuja Cements has approved the amalgamation of its subsidiaries ACC Ltd and Orient Cement with the company to create a larger cement company. The transaction will be entirely share-based, with no cash payout. ACC shareholders will receive 328 Ambuja shares of…
