Adani Group’s Ambuja Cements Ltd’s boardhas approved the amalgamation of ACC Ltd and Orient Cement Ltd with itself to create a single company that would compete will Aditya Birla’s UltraTech Cement.
The board has also approved the swap ratio.
For every 100 equity shares of ACC with a face value of ₹10/- each, Ambuja will issue 328 equity shares with a face value of R₹2/- each, to eligible shareholders of ACC. For every 100 equity shares of Orient Cement with a face value of ₹1/- each, Ambuja Cements will issue 33 equity shares with a face value of ₹2/- each, to eligible shareholders of Orient Cement.
Karan Adani, non-executive director— Ambuja Cements Ltd, Adani Group, said, “This consolidation represents a transformational step in building a globally competitive, integrated cement and building materials organisation. By bringing Ambuja Cements, ACC, and Orient Cement under a single corporate structure, we are strengthening our ability to drive operational excellence, accelerate growth, and deliver sustainable long-term value.”
“ This merger builds on our already proven track record to further position the business to drive efficiency and productivity. A robust and resilient balance sheet positions the unified strong entity to effectively support future growth initiatives,” he added.
The merger apart from creating a large pan India companywill deliver operational synergistic benefits by optimising manufacturing and logistics networks, streamlining corporate structure, strengthening balance sheet and facilitating efficient capital allocation to support growth and bolster market leadership, the company said.
The merger will simplify and rationalise the network, branding and sales promotion related spends. This will help to optimise costs and improve margin by at least ₹100 PMT, it said.
Published – December 23, 2025 04:50 am IST
