The Competition Commission of India (CCI) has approved Ambuja Cements' acquisition of up to 72.8 per cent stake in Orient Cement, a significant move in the cement industry landscape. This acquisition process, outlined in two share purchase agreements (SPAs) initiated on October 22, 2024, begins with Ambuja Cements acquiring an initial 46.80 per cent stake in Orient Cement.

This strategic acquisition marks a notable development for Ambuja Cements, a key entity within the Adani Group's diverse portfolio, as it seeks to enhance its competitive footing in the cement sector. Ambuja Cements, a leading player in India’s cement industry, currently operates 22 integrated cement plants, 10 bulk cement terminals, and 21 grinding units across the country.