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Ambuja Cements raises stake in Orient Cement to 72.66%

Ambuja Cements has acquired a 26 percent stake in Orient Cement, pushing its total shareholding in the company to 72.66 percent, according to a BSE filing. Ambuja Cements disclosed the purchase of 5.34 crore equity shares in Orient Cement at ₹395.40 apiece. This acquisition—amounting to exactly 26 percent of Orient Cement’s total share capital—was conducted through an open offer extended to public shareholders. Prior to this transaction, Ambuja holds 9,58,73,163 shares or 46.66 percent stake in the company. With this latest round of acquisition, its total ownership has risen to 14,92,92,730 14,92,92,730 shares, accounting for 72.66 percent of Orient Cement’s equity. The transaction did not involve any complex financial instruments such as convertible securities, warrants, or pledged shares. Ambuja acquired only direct equity shares with voting rights, making the deal transparent and compliant with regulatory guidelines.