Ambuja Cements, part of the Adani Group, has bought more shares in Orient Cement. Earlier, Ambuja owned about 47% of the company. Now, after buying 26% more, it owns nearly 73% of Orient Cement.

This deal was done through an open offer following SEBI rules, and it was clearly reported in a filing on June 18, 2025. Ambuja bought 53.4 million shares at a price of Rs 395.40 each, spending about Rs 2,110 crore. The deal only involved normal shares with voting rights—no complex financial tools were used.

This move is a big step in Ambuja’s plan to grow its cement business and take more control of Orient Cement. By owning over 70%, Ambuja can now make more decisions and work more closely with Orient Cement to reduce costs and grow faster.

The Adani Group is working hard to expand its cement operations in India. Bringing Orient Cement fully into its fold will help improve factory use, delivery, and marketing.

Global investment firm Jefferies liked the news and kept a ‘Buy’ rating on Ambuja shares. It expects the stock to go up to Rs 700, a 29% rise from current levels. Jefferies believes cement demand will rise 7–8% in 2026, and that Ambuja will grow its capacity from 100 million to 140 million tonnes per year by 2028.

Even though this is a big deal, Ambuja’s stock didn’t move much on June 19, falling by less than 1%. But Orient Cement’s shares were more unstable. After falling 16% the day before, they dropped another 1% on June 19. In June so far, Orient’s stock is down by around 28.5%, as investors worry about how the deal will affect the company and its future plans.

In short, this deal makes the Adani Group even stronger in the cement business, helping it grow faster, cut costs, and deliver better long-term results.