Ambuja Cements Ltd has submitted to the Exchange a copy of Disclosure by Acquirer for shares/voting rights acquired during the offer period under Regulation 18(6) in terms of SEBI ( SAST) Regulations, 2011.
ORIENTCEM · price
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 1.2 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ambuja Cements Ltd, the acquirer, has filed a mandatory disclosure with the Exchange detailing the shares and voting rights it has acquired in Orient Cement during the ongoing open offer period. This filing is required under Regulation 18(6) of the SEBI Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. The disclosure confirms that the open offer process for Orient Cement is actively underway, with Ambuja Cements purchasing shares from public shareholders who choose to tender. This is a routine procedural filing that must be submitted during the offer window.
For Orient Cement shareholders, this confirms the open offer is live and Ambuja Cements is actively buying shares. Investors holding Orient Cement should compare the open offer price with the current market price to decide whether to tender their shares. The stock may see price movement tracking closer to the offer price as the tendering window progresses.