ACC Orient Cement Merger News: Shares of Ambuja Cements and Orient Cement rose in intraday trading on Tuesday, December 23. The companies announced that their boards have approved the plan to merge the two Adani Group companies. Meanwhile, shares of ACC went into the red. Orient Cement shares rose nearly 10 percent in morning trade on Tuesday, December 23. Ambuja Cements Limited will merge its subsidiaries ACC Limited and Orient Cement into itself. Its objective is to become ‘One Cement Platform’ and cement powerhouse for entire India.
Adani Group Stocks: Merger of Adani companies! Orient Cement up 10%; Ambuja Cements rises more than 4% – what should investors do? – market
