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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.
Orient Cement: CK Birla owned 37.9 per cent stake in Orient Cement as on June 30, which as of Tuesday's market capitalisation of Rs 3,878 crore was valued at Rs 1,469.82 crore.
After the comeback of Hindustan Motors Ambassador has hit rumour mills, now a report suggests HM Contessa will also return as an electric vehicle in India.
Investment of ₹1 lakh in this SK Birla group-owned bankrupt stock in October last year would be worth Rs ₹14.5 lakh at present.