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

Orient Cement's promoters have agreed to sell a 37.90% stake (7,76,49,413 equity shares) to Ambuja Cements at INR 395.40 per share. This transaction will enable Ambuja Cements to take control of Orient Cement and will trigger an open offer as per SEBI regulations. The sale includes terms ensuring compliance until the deal is finalized, and the board will be restructured to include Ambuja's directors post-transaction.