Orient Electric Appoints Ravindra Singh Negi as Managing Director and CEO
Orient Electric , a subsidiary of the diversified $3 billion CK Birla Group , announced the appointment of...
Source: siliconindia.com
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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. Birla's 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. Birla's 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 capacity of 110 MTPA.
Source: indiatimes.com
Orient promoter CK Birla taps Adani for cement business sale, Real Estate News, ET RealEstate
Industrialist CK Birla has approached Gautam Adani to sell his promoter stake in Orient Cement after rejecting offers from other buyers. Birla's stake in Orient Cement is 37.9%, with a market value of ₹3,878 crore.
Source: indiatimes.com
Orient Promoter Birla Taps Adani to Cement Biz Sale
Industrialist CK Birla has approached Gautam Adani to sell his promoter stake in listed Orient Cement after rejecting initial offers from other domestic players for failing to meet his valuation demand, people aware of the talks told ET.
Source: indiatimes.com
GCCA India elects new Chair and Co-chair for 2022 – 2024
Mr Parth Jindal and Mr Deepak Khetrapal have been elected to hold the positions for two years commencing 2022 to 2024.
Source: worldcement.com