Adani-backed Ambuja Cements gains CCI nod for Orient Cement buyout; PSP Projects deal also approved
The Competition Commission of India (CCI) on Tuesday cleared Adani-backed Ambuja Cements’ proposal to acquire a majority stake in Orient Cement Ltd for ₹8,100 crore. The fair-trade regulator CCI also granted clearance to Adani Infra to acquire a stake in PSP Projects Ltd. Adani Infra is a unit of Adani group’s flagship firm Adani Enterprises.
The Competition Commission of India (CCI) on Tuesday cleared Adani-backed Ambuja Cements’ proposal to acquire a majority stake in Orient Cement Ltd for ₹8,100 crore. The fair-trade regulator CCI also granted clearance to Adani Infra to acquire a stake in PSP Projects Ltd. Adani Infra is a unit of Adani group’s flagship firm Adani Enterprises.
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