New Delhi, March 5 -- India competition regulatory body, the Competition Commission of India (CCI) today approved a slew of acquisition proposals (7 in total) including acquisition of up to 72.8 percent shareholding of Orient Cement Limited by Ambuja Cements Limited and acquisition of equity shares of PSP Projects Limited by Adani Infra (India) 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, an official statement by CCI said.
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