Ambuja Cements Merger: Orient Jumps, ACC Subdued

Ambuja Cements' board approved the merger of ACC and Orient Cement into a single entity. Orient Cement shares surged nearly 9.5%, while ACC shares were subdued, reportedly due to varying share swap ratios.

• Ambuja Cements approved ACC and Orient Cement merger.
• Orient Cement shares jumped up to 9.5% on merger news.
• ACC shares were subdued, trading lower post-announcement.
• Share swap ratios favored Orient, affecting ACC's stock.
• Merger aims for 'One Cement Platform' with 155 MTPA capacity.
• Consolidation to streamline operations, reduce costs, and boost margins.

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