Ambuja Cements shares in focus on receiving CCI approval for acquiring Orient Cement

Ambuja Cements' shares may attract attention after receiving unconditional approval from the Competition Commission of India (CCI) for its acquisition of Orient Cement. The company will acquire 37.90% and 8.90% of Orient Cement's share capital through a share purchase agreement and make an open offer for 26% of the expanded capital at Rs 395.40 per share.