Ambuja Cements, part of the Adani Group, has acquired an additional 26 per cent stake in Orient Cement, increasing its total shareholding to 72.66 per cent. The acquisition was made through an open offer conducted under SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011, marking a major consolidation move in the Indian cement industry. The deal, valued at approximately `21.1 billion, involved no complex instruments. By surpassing the 70 per cent shareholding mark, Ambuja is set to gain greater operational control over Orient Cement.

Contact: Ambuja Cement

Tel: +91-79-26565555

Email: corpcomm.adanicement@adani.com

Website: www.ambujacement.com