Ambuja Cements: Record Profit, Global Expansion, and Strong Q4 Performance Apr 29, 2025
Ambuja Cements to Announce Q4 Results and Consider Dividend on April 29 Apr 28, 2025
Ambuja Cements Completes Acquisition of 46.66% Stake in Orient Cement Apr 23, 2025
Ambuja Cements Completes Acquisition of 46.66% Stake in Orient Cement Apr 22, 2025
More news about Ambuja Cements
03Apr 25
Ambuja Cements Faces ₹287.87 Crore Stamp Duty Challenge in Delhi High Court
The Delhi High Court has issued a notice to Ambuja Cements regarding a stamp duty dispute of ₹287.87 crore. The Delhi stamp duty department is seeking to recover ₹218.87 crore in stamp duty and ₹69 crore in penalties related to the company's merger with Holcim (India) Pvt Ltd. This legal action challenges a previous exemption granted to Ambuja Cement from paying the stamp duty. The next hearing is scheduled for July 17, with potential significant financial implications for the company if the court rules in favor of the stamp duty department.
28Mar 25
Ambuja Cements Announces Major Leadership Overhaul and Merger Plans
Ambuja Cements Limited has announced significant leadership changes and strategic moves. Ajay Kapur is promoted to Managing Director, while Vinod Bahety becomes the new CEO. The company plans to merge with Adani Cementation Limited, potentially increasing production capacity by 2.50 MTPA. New appointments include Rakesh Tiwary as CFO and Praveen Garg as an Independent Director. Senior management sees changes in digital, manufacturing, and sustainability roles.
28Mar 25
Ambuja Cements Announces Sweeping Leadership Changes for Strategic Growth
Ambuja Cements Ltd. has unveiled significant leadership changes effective April 1, 2025. Ajay Kapur is elevated to Managing Director, Vinod Bahety appointed as CEO, Rakesh Tiwary as CFO, and Praveen Garg joins as an Independent Director. Several changes in Senior Management Personnel were also announced, including new appointments for Chief Digital Officer and Head of Manufacturing. These changes aim to drive innovation, operational excellence, and sustainable growth, aligning with Adani Group's objectives.
05Mar 25
Ambuja Cements Secures CCI Approval for Major Stake Acquisition in Orient Cement
Ambuja Cements has secured unconditional approval from the Competition Commission of India to acquire up to 72.8% stake in Orient Cement. The acquisition includes a primary stake of 46.8% and an open offer for an additional 26% at ₹395.40 per share. This strategic move, approved on March 4, 2025, is set to strengthen Ambuja Cements' market position and potentially reshape the Indian cement industry landscape.
04Mar 25
Ambuja Cements Set to Expand with CCI Approval for Orient Cement Stake Acquisition
The Competition Commission of India (CCI) has approved Ambuja Cements' proposed acquisition of up to 72.8% stake in Orient Cement. This strategic move is expected to strengthen Ambuja's market position and potentially lead to operational synergies. Ambuja Cements' strong financial position, with total assets of ₹44,128.8 crore (up 22.91% YoY) and total equity of ₹37,006.5 crore (up 29.82% YoY), supports this acquisition. The deal is likely to contribute to market consolidation, intensify competition, and may reshape regional presence in the Indian cement industry.