Ambuja Cements gets CCI nod for Orient Cement acquisition

Ambuja Cements (BSE:AMBUJACEM) announced that it has received approval from the Competition Commission of India (CCI) for the acquisition of Orient Cement Limited, according to a letter dated March 4, 2025. The acquisition involves multiple components, including a share purchase agreement for 77,649,413 equity shares, representing 37.90% of Orient Cement's existing share capital. It also covers a share purchase agreement for 18,223,750 equity shares, constituting 8.90% of the existing share capital. Furthermore, the acquisition includes an open offer for up to 53,419,567 equity shares, which represents 26% of the expanded share capital, priced at INR 395.40 per equity share from public shareholders. The company has stated that this information has been uploaded to their website, as per SEBI regulations.