https://www.taxtmi.com/news?id=36218 The Competition Commission of India approved Ambuja Cements Limited's proposed acquisition of Orient Cement Limited through a two-step transaction: direct acquisition of 46.80% of issued share capital from promoters and certain public shareholders, followed by a mandatory open offer under the SEBI takeover regulations for additional shares of the expanded capital, which upon full acceptance would consolidate majority ownership; the parties' overlapping cement manufacturing activities and geographic footprints were provided as commercial context. en-us Wed, 05 Mar 2025 16:34:35 +0530 Wed, 05 Mar 2025 16:34:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=36218 The Competition Commission of India approved Ambuja Cements Limited's proposed acquisition of Orient Cement Limited through a two-step transaction: direct acquisition of 46.80% of issued share capital from promoters and certain public shareholders, followed by a mandatory open offer under the SEBI takeover regulations for additional shares of the expanded capital, which upon full acceptance would consolidate majority ownership; the parties' overlapping cement manufacturing activities and geographic footprints were provided as commercial context. News - Wed, 05 Mar 2025 16:34:35 +0530 https://www.taxtmi.com/news?id=36218