The members of the promoter and promoter group of Orient Cement Limited i.e., Amita Birla, Chandrakant Birla, Nirmala Birla, Avani Birla, Avanti Birla, Amer Investments (Delhi) Limited, Hindusthan Discounting Company Limited, India Silica Magnesite Works Limited, Jaipur Finance and Dairy Products Pvt. Ltd., National Engineering Industries Limited, Universal Trading Company Limited, Bengal Rubber Company Limited, Central India Industries Limited, Gwalior Finance Corporation Limited, Rajasthan Industries Limited, Ashok Investment Corporation Limited, and Shekhavati Investments and Traders Limited ("PG Members"), collectively hold 7,76,49,413 equity shares of the Company, each having a face value of INR 1/- (Indian Rupees One only), representing 37.90% of the paid-up equity share capital of the Company. Pursuant to their letter dated October 22, 2024, the PG Members have informed us that they have entered into a share purchase agreement dated October 22, 2024 with Ambuja Cements Limited ("Purchaser") for sale of 7,76,49,413 equity shares of the Company held by them, each having a face value of INR 1/- (Indian Rupees One only), representing 37.90% of the paid-up equity share capital of the Company ("Sale Shares"), to the Purchaser at a price of INR 395.40/- (Indian Rupees Three Hundred Ninety Five and Forty Paise only) per Sale Share ("Transaction").
The consummation of the Transaction is subject to satisfaction of conditions precedent (including, but not limited to, receipt of the relevant statutory approvals).
Shares of Ambuja Cements Limited was last trading in BSE at Rs. 558.05 as compared to the previous close of Rs. 571.90. The total number of shares traded during the day was 168604 in over 5932 trades.
The stock hit an intraday high of Rs. 583.00 and intraday low of 555.85. The net turnover during the day was Rs. 95419507.00.
Shares of Orient Cement Limited was last trading in BSE at Rs. 343.40 as compared to the previous close of Rs. 352.20. The total number of shares traded during the day was 729239 in over 8349 trades.
The stock hit an intraday high of Rs. 379.40 and intraday low of 341.40. The net turnover during the day was Rs. 259765509.00. |
