Orient Cement Ltd. ( (IN:ORIENTCEM) ) has issued an announcement.
Orient Cement Limited announced the resignation of its statutory auditors, B S R & Associates LLP, due to the impending acquisition of a controlling stake by Ambuja Cements Limited. This strategic move is part of the company’s plan to align its auditors across the group, reflecting a significant shift in its operational and ownership structure, which may impact its market positioning and stakeholder relations.
More about Orient Cement Ltd.
Orient Cement Limited operates in the cement industry, focusing on the production and distribution of cement products. The company is known for its high-quality cement offerings and plays a significant role in the construction and infrastructure sectors.
YTD Price Performance: 4.48%
Average Trading Volume: 40,095
Current Market Cap: 73.86B INR
See more data about ORIENTCEM stock on TipRanks’ Stock Analysis page.