Orient Cement Limited has informed the Exchange about General Updates
ORIENTCEM · price
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Orient Cement Limited has received the Letter of Offer (LOF) dated May 19, 2025, in connection with the open offer by Ambuja Cements Limited (part of the Adani Group) to acquire up to 5,34,19,567 equity shares (26% of expanded share capital) from public shareholders at ₹395.40 per share, aggregating up to ₹2,112.21 crores. The underlying transaction (purchase from promoters and other sellers under SPAs dated October 22, 2024) has already closed on April 22, 2025, and the Competition Commission of India approval was received on March 4, 2025. The tendering period for public shareholders to participate in the open offer runs from May 27, 2025 to June 9, 2025, with payment expected by June 23, 2025. SBI Capital Markets is the manager to the offer.
Public shareholders of Orient Cement now have a clear window (May 27 – June 9, 2025) to tender their shares at ₹395.40 per share in cash. The stock may trade near the offer price as the tendering period approaches, and shareholders should evaluate whether to tender, hold, or sell in the open market based on their own price expectations and tax considerations.