Ambuja Cement Acquires 37.8% Promoters' Stake In Orient Cement

Ambuja Cement Acquires 37.8% Promoters' Stake In Orient Cement

Adani Group-owned Ambuja Cements has completed the acquisition of 37.8 per cent promoters' stake of CK Birla group firm Orient Cement Ltd (OCL) and has become a promoter.

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Ambuja cements completed acquisition of Orient Cement

Ahmedabad, 22nd April 2025: Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, would like to inform that the company has completed the acquisition of 9,58,73,163 equity shares constituting 46.66% of the existing share capital of OCL pursuant to the SPAs. The Company will undertake necessary actions in compliance with its obligations under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulat…

Ambuja Cements Completed Acquisition of Orient Cement

Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, would like to inform that the company has completed the acquisition of 9,58,73,163 equity shares constituting 46.66% of the existing share capital of OCL pursuant to the SPAs.The Company will undertake necessary actions in compliance with its obligations under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 in relation to the…

Ambuja Cements Completes Acquisition Of 47% Stake In Orient Cement

Ambuja Cements Ltd. has completed the acquisition of approximately 9.59 crore equity shares, constituting a 46.66% stake, in Orient Cement Ltd., according to an exchange filing on Tuesday.In March, the Competition Commission of India cleared Ambuja Cements' proposal to acquire the stake in OCL for Rs 8,100 crore. This includes 37.9% held by the current promoter and promoter group and 8.9% from certain public shareholders, according to the CCI.Or…

Ambuja cements completed acquisition of Orient Cement - Business News Week

Ahmedabad, 22nd April 2025: Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, would like to inform that the company has completed the acquisition of 9,58,73,163 equity shares constituting 46.66% of the existing share capital of OCL pursuant to the SPAs. The Company will undertake necessary actions in compliance with its obligations under […] The post Ambuja cements completed acquisition of Orient Cement…