The stock market today saw sharp, contrasting moves in Adani Group’s cement stocks. While Ambuja Cement and Orient Cement shares surged strongly, ACC share price slipped into the red.
The trigger was a single announcement—but its impact was spread unevenly across the three stocks.
Ambuja Cements confirmed board approval for a major restructuring move that will bring its cement businesses under one umbrella. The market reacted instantly.
Market Performance: Ambuja Cement, Orient Cement, ACC Share Price Today
The initial reaction played out clearly on the price board.
- Orient Cement share price jumped 9.8% to ₹180 on the BSE
- Ambuja Cement share price rose 4.3%, touching an intraday high of ₹563.25
- ACC share price moved the other way, falling 1.67%
All three stocks belong to the Adani Group, yet the market treated them differently after the merger announcement.
This divergence set the tone for cement stocks in the stock market today.
Main News: Adani Group Moves to Simplify Cement Business
The core development came on Monday when the Adani Group announced a plan to simplify its cement business structure.
The group decided to consolidate its cement operations under a single listed entity—Ambuja Cements.
According to the exchange filing, Ambuja Cements received board approval for two separate Schemes of Amalgamation. These schemes involve merging ACC Ltd and Orient Cement into Ambuja.
The objective is to create a unified cement platform under one corporate structure.
One Cement Platform: What the Merger Covers?
Under the proposed structure, Ambuja Cements will absorb multiple cement businesses.
Post-merger, the following entities will become part of Ambuja:
- ACC Ltd
- Orient Cement
- Penna Cement
- Sanghi Industries
After consolidation, Ambuja’s total cement capacity will stand at 107 million tonnes per annum.
This move brings the Adani Group’s cement assets together under a single operational roof.
Why the Market Reacted Positively to Ambuja Cement and Orient Cement?
Ambuja Cements stated that the merger is aimed at improving operational efficiency across the group.
As per the company’s statement, the consolidation is expected to:
- Optimise manufacturing and logistics networks
- Streamline the overall corporate structure
- Strengthen the balance sheet
- Enable more efficient capital allocation
The company also said the merger is expected to improve margins by at least ₹100 per metric tonne (PMT) through cost optimisation.
These points appeared to support the positive move seen in Ambuja Cement and Orient Cement shares in the stock market today.
Why ACC Share Price Moved Lower?
While Ambuja and Orient Cement gained, ACC share price saw selling pressure.
The decline came immediately after the board approval announcement. The movement reflects how markets often reassess individual entities when mergers and share swaps are announced.
Despite being part of the same consolidation plan, ACC’s stock reaction differed from Ambuja Cement and Orient Cement.
Share Swap Ratios Explained
The merger involves a clear share exchange structure for shareholders of ACC and Orient Cement.
ACC Share Swap Ratio
- For every 100 ACC equity shares (face value ₹10 each)
- Ambuja will issue 328 equity shares
- Face value of Ambuja shares: ₹2 each
Orient Cement Share Swap Ratio
- For every 100 Orient Cement equity shares (face value Re 1 each)
- Ambuja will issue 33 equity shares
- Face value of Ambuja shares: ₹2 each
These ratios are part of the approved merger scheme shared in the exchange filing.
Timeline for the Merger Process
Ambuja Cements stated that the merger will take time to complete.
- The transaction is subject to requisite approvals
- The company expects the process to be completed over the next one year
Until then, the stocks are likely to remain sensitive to developments linked to approvals and procedural milestones.
What This Means for the Stock Market Today?
The reaction to the announcement shows how the market responds to structural changes.
- Ambuja Cement and Orient Cement reflected optimism around consolidation
- ACC share price showed short-term pressure post-announcement
- Cement stocks remained in focus across the broader stock market today
The move marks a significant restructuring step for the Adani Group’s cement business, with Ambuja positioned at the center of the new structure.
Summary
- Ambuja Cement and Orient Cement shares rose up to 10%
- ACC share price declined 1.67% after the merger approval
- Adani Group approved merging ACC and Orient Cement into Ambuja
- Post-merger cement capacity to reach 107 MTPA
- Margin improvement target mentioned at ₹100 PMT
- Share swap ratios disclosed for ACC and Orient Cement shareholders
- Merger completion expected within one year, subject to approvals
The market’s response highlights how consolidation announcements can reshape stock performance—sometimes unevenly—within the same group.
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