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Adani’s cement consolidation plan puts Ambuja Cements in market spotlight
Adani’s plan to merge ACC and Orient Cement under Ambuja is seen boosting scale and efficiencies, with brokerages turning positive on Ambuja Cements’ prospects.
The Adani Group has approved two amalgamation schemes to merge and into a single cement platform anchored by . Under the proposed structure, Ambuja will issue shares to ACC and Orient shareholders based on approved exchange ratios, creating operational and balance-sheet synergies. Brokerages view the consolidation as strengthening Ambuja’s scale, pricing power, and cost efficiencies, prompting several firms to reiterate a bullish outlook on the stock.