Orient Cement Limited — Important, 22-10-2024: Updates

Orient Cement Limited announces that it has received a public announcement from Ambuja Cements Limited regarding an open offer to acquire up to 5,34,19,567 equity shares at ₹395.40 per share, for a total of up to ₹2,112.21 crores. Following the acquisition, Ambuja Cements will hold 72.66% of Orient Cement's expanded share capital, signaling potential control transition. The offer is subject to necessary regulatory approvals.