India’s Ambuja Cements will acquire a 46.8% stake in Orient Cement for 81 billion rupees, valuing the company at $963.5 million. The purchase will be made at 395.40 rupees per share, representing a 12% premium to Orient’s last closing price. This move will enable Ambuja to reach a volume of over 100 million tonnes per annum in the current financial year.
Full Article
Cheteshwar Pujara announces retirement from all forms of cricket
Cheteshwar Pujara, a pivotal figure in Indian cricket, announced his retirement from all formats at age 37, reflecting on the pride of representing India since his Test debut in 2010. Over his career, Pujara played 103 Tests, amassing 7,195 runs with 19 centuries, and his legacy as a resilient and technically skilled batsman will inspire future generations. Want More Context? 🔎
Read more