Mar 5, 07:20 AM

CCI Approves Ambuja Cements' ₹8,100 Crore Acquisition of 72.8% Stake in Orient Cement, Alongside JSW Energy and Shell Deals

The Competition Commission of India (CCI) has granted approval for several significant acquisitions. Ambuja Cements Limited will acquire a 72.8% stake in Orient Cement Limited, a move valued at ₹8,100 crore. This acquisition is seen as a positive development for the Adani Group. Additionally, CCI approved JSW Energy Limited's acquisition of 100% shareholding in KSK Mahanadi Power Company Limited, as well as Shell Deutschland GmbH and Shell Overseas Investments B.V.'s acquisition of 100% equity share capital of Raj Petro Specialities Private Limited. Other approvals include Alpha Wave Ventures II, LP's acquisition of a 12.44% shareholding in Advanta Enterprises Limited and Adani Infra (India) Limited's acquisition of equity shares in PSP Projects Limited.

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