Board approves Orient Cement merger with Ambuja Cements

Demerger Ratio AnnouncedStrategic Transactions View source PDF Explain this filing

ORIENTCEM · price

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Price reactionminutes from the announcement price · days from the prior close

+4.7%Reaction day

₹163.30

prior close

₹176.10

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%+4.6% vs market

Cement & Cement Products peers, median of 36sector+0.1%+4.5% vs sector

On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 4.5 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.7

10m

-1.0

15m

-2.1

30m

-2.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.7+0.1+4.6+0.1+4.5

Next day

+4.9-0.5+5.4+0.6+4.2

+5.0-1.0+6.0+1.1+3.8

+4.0-1.8+5.8+0.7+3.2

+4.1-1.8+5.9+0.4+3.7

+4.1-0.4+4.6+0.6+3.5

+6.6+0.7+5.9+2.2+4.4

15d

+3.4-3.9+7.3+0.4+3.1

-2.9-9.4+6.5-3.9+1.0

-3.6-4.1+0.6-5.0+1.5

-23.8-16.1-7.7-17.1-6.7

UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Orient Cement board approved amalgamation with parent Ambuja Cements, which holds 72.66 percent. Exchange ratio: 33 Ambuja shares (face value Rs 2) for every 100 Orient shares (face value Re 1). No cash involved. OCL FY25 standalone revenue Rs 2,708.83 crore versus Ambuja standalone Rs 19,453.58 crore. Both are Adani group cement companies. Subject to NCLT and other statutory approvals.

Likely market impact

OCL minority shareholders get 33 Ambuja shares per 100 OCL shares held, likely leading to OCL delisting and Adani cement business simplification.