Orient Cement board approves merger with Ambuja Cements

Nclt Scheme FiledStrategic 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 its merger with parent Ambuja Cements on Dec 22, 2025. Swap ratio: 33 Ambuja shares (Rs 2 face value) for every 100 Orient Cement shares. Ambuja already holds 72.66 percent of Orient. OCL FY25 standalone revenue Rs 2,708 cr vs Ambuja Rs 19,453 cr. Scheme needs NCLT and regulatory approvals. Fairness opinion by SBI Capital Markets.

Likely market impact

Orient Cement minority shareholders get Ambuja shares in swap. Orient Cement will cease to exist post scheme. Subject to NCLT approval.