Orient Cement Board Approves Amalgamation with Ambuja Cements
Orient Cement's Board approved its amalgamation with Ambuja Cements on December 22, 2025. Ambuja will issue 33 shares for every 100 Orient Cement shares held. The transaction aims for operational synergies and growth. Orient Cement reported FY25 standalone revenue of ₹2,708.83 crore.
An amalgamation of this scale will fundamentally alter the corporate structure and operational landscape of both companies, impacting stakeholders, market position, and financial performance significantly.
The amalgamation is expected to create significant business synergies, drive focused growth, and enhance operational efficiencies, leading to a stronger merged entity.
The Board of Directors of Orient Cement Limited, at a meeting held on December 22, 2025, approved a Scheme of Amalgamation where Orient Cement Limited will merge with Ambuja Cements Limited. This scheme is subject to necessary statutory and regulatory approvals, including from the National Company Law Tribunal.
The amalgamation aims to combine operations for focused growth, operational efficiencies, and business synergies. It will unify manufacturing and commercial functions, optimize resource allocation, and streamline the group’s structure. The merged entity is expected to unlock economies of scale and enhance competitiveness.
As per the scheme, Ambuja Cements will issue 33 equity shares of face value ₹2 each for every 100 equity shares of face value ₹1 held in Orient Cement Limited. No cash consideration is involved. Orient Cement's standalone revenue for FY25 was ₹2,708.83 crore, with a net worth of ₹1,807.91 crore. Ambuja Cements' consolidated revenue for FY25 was ₹35,044.76 crore, with a net worth of ₹63,811.42 crore. The transaction is considered a related party transaction but will be conducted on an arm's length basis, supported by valuation reports and a fairness opinion from independent entities.
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Orient Cement Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Orient Cement Limited. Read the original for the full detail.