Ambuja Cements has completed the acquisition of 7,76,49,413 equity shares (representing 37.79 per cent of equity share capital) of CK Birla group firm Orient Cement (OCL). With this, the total shareholding of Ambuja Cements in OCL has gone up to 46.66 per cent, as it has also acquired 1.82 crore share representing 8.87 per cent from public shareholders of OCL. Pursuant to the acquisitions from the promoter group and public shareholders, Ambuja has acquired sole control of OCL and has become the promoter of the company.
Ambuja Cements is engaged in manufacturing and marketing of cement and clinker for both domestic and export markets. It is a material company of Adani Cement and part of the diversified Adani Group.
