M&A Critique

Cement Sector Consolidation Continues: Orient Cement to be acquired by Adani Group’s Ambuja Cement

The shopping spree for the Adani Group seems to be unstoppable. Recently, Adani Group announced yet another acquisition in cement space. This time it is Orient Cement Limited. Within no time Adani Group has become second largest cement producer in India. After the marquee acquisition of Ambuja Cements Limited and ACC Limited, the Adani Group is in a rush to acquire all small cement companies to be in a race to become numero uno in cement space.

Aniruddha Jain