Orient Cement shares zoom over 5% amid UltraTech’s plans of acquisition
![Image](https://img.etimg.com/thumb/msid-111477854,width-210,height-158,imgsize-681860,resizemode-75/orient-cement-shares-zoom-over-5-amid-ultratechs-plans-of-acquisition.jpg)
UltraTech, led by Kumar Mangalam Birla, is in advanced talks to acquire Orient Cement from CK Birla for Rs 350-375 per share to counter Adani Cement, following a 23% stake in India Cements. Valued at Rs 6,417.51 crore or $109-110 per ton, Orient Cement's acquisition might finalize by July 19, pending Telangana expansion contingency.
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