
Ambuja Cements seeks CCI nod to acquire majority stake in Orient Cement, ET RealEstate
[ad_1] NEW DELHI: Billionaire Gautam Adani-led Ambuja Cements has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in CK Birla group firm Orient Cement Ltd in a Rs 8,100-crore deal. According to a CCI notice, the proposed transaction is a two-stage acquisition process, initiated through two share purchase agreements…