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Ambuja Cements seeks India merger clearance for Orient Cement stake

By Freny Patel ( November 11, 2024, 02:51 GMT | Insight) -- Leading grey cement manufacturer, Ambuja Cements, has sought merger clearance for its acquisition of a stake in Orient Cement from the Indian antitrust watchdog. In its merger filing to the Competition Commission of India, Ambuja Cements said that the proposed transaction would not raise any competition concerns in any relevant market. The acquisition was filed last Friday to the CCI under Form II, which indicates that the combined market shares of the two companies exceed 15 percent in certain defined markets. Leading grey cement manufacturer, Ambuja Cements, has sought merger clearance for its acquisition of a stake in Orient Cement from the Indian antitrust watchdog. ...

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