Ambuja Cements Completes Acquisition of 46.66% Stake in Orient Cement

Ambuja Cements, the cement and building materials arm of the Adani Group, has completed the acquisition of 9,58,73,163 equity shares of Orient Cement, representing 46.66% of its existing share capital.
The acquisition was executed under the Share Purchase Agreements (SPAs). Ambuja Cements has confirmed it will take all necessary steps to comply with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, in relation to the Open Offer.