Orient Cement Limited has informed the Exchange about General Updates
ORIENTCEM · price
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Ambuja Cements Limited, part of the Adani Group, has acquired 5,34,19,567 equity shares (26%) of Orient Cement Limited at Rs. 395.40 per share through an open offer to public shareholders under SEBI takeover regulations. This acquisition, completed on June 18, 2025, takes Ambuja Cements' total holding in Orient Cement from 9,58,73,163 shares (46.66%) to 14,92,92,730 shares (72.66%). Post-acquisition, public shareholding in Orient Cement stands at 27.34% (5,61,67,143 shares). The total equity share capital of Orient Cement remains 20,54,59,873 shares of Re. 1 each.
Ambuja Cements now holds a dominant 72.66% stake in Orient Cement, giving it near-complete control over the company. The remaining 27.34% public float is significantly reduced, which may lower trading liquidity and could lead to potential delisting considerations in the future.