Pursuant to Regulation 26(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Ambuja Cements has informed that the written reasoned recommendations of the Independent Directors Committee (IDC) on the open offer made by ENDEAVOUR TRADE AND INVESTMENT (the 'Acquirer) for acquisition of up to 51,63,52,655 Equity shares representing 26% of the voting equity share capital of the Company, has been published in the following newspapers on August 22, 2022: Financial Express (all editions); Jansatta (all editions); Kesari (Junagadh edition); and Navshakti (Mumbai edition). The Company has attached copy of recommendations of the IDC. The same is also available on the website of the company at https://www.ambujacement.com/investors/Adani-Group-OpenOffer.
The above information is a part of company’s filings submitted to BSE.
