Ambuja Cements and Orient Cement Share Price: Stake Raised to 72.66% in Strategic Open Offer

Ambuja Cements and Orient Cement Share Price: Stake Raised to 72.66% in Strategic Open Offer

Market Performance

On June 19, 2025, the stock market reflected mixed sentiments regarding the share prices of Ambuja Cements and Orient Cement.

  • Ambuja Cements traded almost flat, showing a minor dip of less than 1%.
  • The stock is currently down by over 2% so far in June 2025.
  • Orient Cement, on the other hand, exhibited high volatility.
    • The stock declined by over 16% in the previous session.
    • On June 19, it fell by another 1% intraday.
    • So far in June, the stock has dropped nearly 28.5%.

Main News: Ambuja Cements Raises Stake in Orient Cement to 72.66%

Ambuja Cements, part of the Adani Group, has significantly increased its stake in Orient Cement through an open offer mechanism.

  • The acquisition was conducted under SEBI's SAST Regulations, 2011.
  • Ambuja acquired 5.34 Crore equity shares at ₹395.40 per share.
  • This move has raised Ambuja's stake from 46.66% to 72.66%.
  • The total number of shares now held by Ambuja is 14.92 Crore.

Notably, this deal involved only direct equity shares with voting rights; no complex instruments, such as convertible securities or warrants, were used, ensuring full regulatory compliance.

Company Details

Ambuja Cements is pursuing aggressive expansion within the cement and infrastructure sectors.

  • This acquisition enhances its control over Orient Cement, providing greater operational flexibility and decision-making capabilities.
  • The move is aligned with the group's long-term strategy to consolidate and optimize its cement production and distribution network.
  • With increased ownership, synergies in manufacturing, logistics, and marketing are expected to be implemented more efficiently.

This development also positions Ambuja to streamline resource allocation and capacity planning across its cement business.

Summary of the Article

  • Ambuja Cements has acquired an additional 26% stake in Orient Cement, bringing its total ownership to 72.66%.
  • The acquisition was completed through an open offer at ₹395.40 per share, totaling 5.34 Crore shares.
  • No financial instruments apart from direct equity were used in the transaction.
  • The share prices of Ambuja Cements and Orient Cement reflected mixed reactions in the market post-deal.
  • This stake increase gives Ambuja Cements tighter control over Orient Cement, aligning with its broader expansion goals within the Adani Group.

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