Indian cement manufacturer Ambuja Cements requests approval from the Competition Commission of India (CCI) to acquire a majority stake in Orient Cement.

Ambuja Cements, a leading cement manufacturing company, has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in Orient Cement. As per the application, Ambuja Cements wants to acquire approximately 63% stake in Orient Cement, thereby gaining control of the company. The proposed deal is valued at around ₹3,500-4,000 crore. Ambuja Cements has cited increased competition in the cement industry, improved operational efficiencies, and diversification of business as the main reasons for acquiring Orient Cement. The acquisition will also enable the company to gain access to a larger market, improve its profitability, and create a stronger balance sheet. With this deal, Ambuja Cements will emerge as one of the largest cement companies in the country, providing a significant competitor to other market players.