Acquisitions19 Jun 2025, 06:24 pm
Ambuja Cements Acquires 26% Stake in Orient Cement for INR 20,54,59,873
AI Summary
Ambuja Cements Limited, a part of the Adani Group, has acquired 26% stake in Orient Cement Limited. The acquisition was made through an open offer to the eligible public shareholders of Orient Cement as per the SEBI (SAST) Regulations. The total value of the acquisition is INR 20,54,59,873. Post-acquisition, Ambuja Cements' holding in Orient Cement stands at 72.66%.
Key Highlights
- Ambuja Cements acquires 26% stake in Orient Cement for INR 20,54,59,873
- The acquisition was made through an open offer to the eligible public shareholders
- Post-acquisition, Ambuja Cements' holding in Orient Cement stands at 72.66%
- The acquisition is in compliance with Regulation 29(2) and Regulation 29(3) of the SEBI (SAST) Regulations
- The acquisition is a significant move in the cement sector