<h1>Ambuja Cements gets green light to acquire 72.8% of Orient Cement, triggers mandatory open offer for 26% shares.</h1> The Competition Commission of India has approved Ambuja Cements Limited's acquisition of up to 72.8% of Orient Cement Limited. Ambuja Cements, which operates numerous cement plants and terminals across India, will acquire 46.8% of Orient Cement's shares, including 37.9% from the current promoters and 8.9% from public shareholders. This acquisition triggers an obligation for Ambuja to make an open offer for an additional 26% of Orient Cement's share capital, potentially increasing its total shareholding to 72.8%. Orient Cement operates three manufacturing facilities and distributes its products across 10 Indian states.