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Ambuja Cements Approves Merger Of ACC, Orient Cement Into Parent Entity
Ambuja Cements Approves Merger Of ACC, Orient Cement Into Parent Entity
Ambuja Cements Share Price: Ambuja Cements, part of the Adani Group, has secured board approval for two separate schemes of amalgamation to merge ACC and Orient Cement into the parent company, a move aimed at creating a pan-India cement major while simplifying the corporate structure for shareholders.
Share-swap ratios explained
The amalgamation, which is expected to be completed within 12 months, outlines distinct share-swap ratios for the two entities. Eligible ACC shareholders will receive 328 equity shares of Ambuja, with a face value of Rs 2 each, for every 100 ACC shares of face value Rs 10. Meanwhile, eligible Orient Cement shareholders will get 33 Ambuja equity shares of face value Rs 2 each for every 100 Orient shares of face value Rs 1.
Ambuja said the merger will streamline operations by rationalising the network, branding and sales-promotion spends. The consolidation is expected to optimise costs and lift margins by at least Rs 100 per metric tonne. The move is aligned with Ambuja's expansion plans to scale cement capacity from 107 million tonnes per annum (MTPA) to 155 MTPA by FY28, enabling better capital allocation and faster response to market demand.
Karan Adani, non-executive director at Ambuja Cements, said the consolidation marks a transformational step toward building a globally competitive, integrated cement and building materials platform. He added that bringing Ambuja, ACC and Orient under a single structure would strengthen operational efficiency, accelerate growth and support long-term value creation, backed by a strong balance sheet.
Ambuja clarified that while the companies will operate under one corporate structure, the established brands will remain unchanged. The ‘Adani Ambuja Cements' and ‘Adani ACC' brands will continue as before, along with their respective product portfolios.
The Adani Group acquired ACC and Ambuja Cements from LafargeHolcim in September 2022. Ambuja currently holds 50.05 per cent in ACC and 72.66 per cent in Orient Cement. Last year, Ambuja announced plans to acquire Orient for Rs 8,100 crore and completed the purchase of a 37.8 per cent promoter stake in April, becoming a promoter.
Impact on structure and holdings
Under the scheme, all assets and liabilities of ACC and Orient, including brands and trademarks, will be transferred to Ambuja, and ACC's subsidiaries will become Ambuja subsidiaries. Promoter holding in Ambuja will reduce to 60.94 per cent from 67.65 per cent after completion of all ongoing and proposed mergers, including Sanghi, Penna, Orient and ACC. Ambuja said the simplified structure will eliminate duplication, cut administrative costs and enable quicker decision-making.
On Monday, Ambuja shares closed at Rs 540 on the BSE, valuing the company at about Rs 1.33 trillion. ACC ended at Rs 1,775.80 per share, with a market capitalisation of Rs 33,347.26 crore, while Orient Cement closed at Rs 163.85, valuing it at Rs 3,366.46 crore.
Source: News18
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