The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deutsche Bank AG
ORIENTCEM · price
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Deutsche Bank AG, Hong Kong Branch filed a Regulation 29(2) disclosure as a security agent following Ambuja Cements' additional acquisition of 5,34,19,567 shares (26.00%) of Orient Cement on 18 June 2025. The encumbrance is indirect: Deutsche Bank holds charges on shares of Endeavour, Harmonia, and Holderind, which collectively hold a controlling stake in Ambuja Cements, which in turn now owns 14,92,92,730 Orient Cement shares (72.66% of equity). The disclosure explicitly clarifies that no direct pledge has been created over Orient Cement shares in favour of Deutsche Bank. Total Orient Cement equity capital remains at 20,54,59,873 shares of INR 1 each.
This signals a major and rising concentration of Orient Cement ownership through Ambuja Cements (Adani Group), now controlling over 72% indirectly. Retail investors should monitor for potential open offer obligations, board changes, or delisting plans stemming from this growing control.