India, March 5 -- The Competition Commission of India has approved the proposed acquisition of up to 72.8% shareholding of Orient Cement Limited by Ambuja Cements Limited.Ambuja Cements Limited (Acquirer) is engaged in the manufacture and sale of grey cement, including Ordinary Portland Cement (OPC), Pozzolona Portland Cement (PPC), and Pozzolona Composite Cement (PCC). The Acquirer (including its subsidiaries) operates 22 integrated cement plants across India, as well as 10 bulk cement terminals and 21 grinding units.Orient Cement Limited (Target) is involved in the business of manufacturing grey cement, including PPC and OPC. It has three manufacturing facilities at Devapur (Telangana), Chittapur (Karnataka) and Jalgaon (Maharashtra), wit...