Ambuja Cement.
Ambuja Cement-Orient Cement Merger: New Delhi: Ambuja Cements Limited and Orient Cement Limited are set to merge, with Ambuja issuing equity shares to Orient shareholders and cancelling its existing shareholding in Orient. The merger is part of Ambuja’s broader consolidation strategy in the cement sector, under which it is also undergoing a merger with ACC Cement.
Cyril Amarchand Mangaldas (CAM) advised both Ambuja Cements and Orient Cement on the transaction.
The Ambuja advisory team was led by Ruetveij Pandya (Partner) and Nishikant Sao (Partner Designate), with support from Associates Manjri Singh, Anoushka Ishwar, and Pratiti Shah.
The Orient advisory team was led by Molla Hasan (Partner), assisted by Associates Sameer Seshadri and Shailja Beria.
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CAM also advised on various ancillary matters related to the transaction, led by Paridhi Adani (Partner, Head–Ahmedabad), along with Jinal Mehta (Partner) and Jaideep Kodali (Partner), with support from Senior Associate Gaurav Utagikar and Associates Pauravi Kolhe and Smitanshu Choudhary.
The competition law advisory team was headed by Avaantika Kakkar (Partner, Head – Competition Law), with support from Associates Mohini Parghi and Pushkar Singh.
The entire transaction was undertaken under the strategic guidance of Cyril Shroff (Managing Partner) and L. Viswanathan (Senior Partner).
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Both Ambuja Cements and Orient Cement are publicly listed companies engaged in the manufacture and sale of cement and cement-related products. The merger will strengthen Ambuja’s market position, streamline operations, and create synergies across its combined cement business.
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