Orient Cement Limited — Important, 06-11-2024: Updates

Orient Cement Limited has received a Draft Letter of Offer from Ambuja Cements Limited, proposing an open offer to acquire up to 5,34,19,567 equity shares, representing 26% of the expanded share capital, at INR 395.40 per share. The offer follows an agreement where Ambuja plans to acquire a controlling stake in Orient Cement. The tender period for this offer will commence on December 16, 2024, and conclude on December 30, 2024.