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adani: Orient promoter CK Birla taps Adani for cement business sale

Industrialist CK Birla has approached Gautam Adani to sell his promoter stake in Orient Cement after rejecting offers from other buyers. Birlas stake in Orient Cement is 37.9%, with a market value of ₹3,878 crore. The talks with Adani have been ongoing for the past few months, but there is no guarantee of a transaction. Birlas valuation demand, which is double the current market price, could be a deal breaker. Adani Cement recently acquired Sanghi Industries and currently has a total cement ca...
Deepak Khetrapal Gautam Adani Sanghi Industries Jp Morgan Orient Cement Adani Cement

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