Latest news with #EmployeeStockOptionScheme
Business Standard
01-08-2025
- Business
- Business Standard
Board of Safari Industries (India) allots 91,369 equity shares under ESOS
At meeting held on 01 August 2025The Board of Safari Industries (India) at its meeting held on 01 August 2025 has approved the allotment of 91,369 equity shares under Employee Stock Option Scheme. Consequent to the aforesaid allotments, the issued, subscribed and paid-up equity share capital of the Company will increase from Rs. 9,77,73,088/- to Rs. 9,79,55,826/-. Powered by Capital Market - Live News
Business Upturn
22-04-2025
- Business
- Business Upturn
Ambuja Cements acquires 46.66% stake in Orient Cement ahead of planned open offer
Ambuja Cements Limited, part of the Adani Group, has announced the completion of its acquisition of a 46.66% stake in Orient Cement Limited (OCL) through share purchase agreements (SPAs), as per a regulatory filing dated April 22, 2025. The company acquired a total of 9,58,73,163 equity shares of OCL. This includes the acquisition of 7,76,49,413 equity shares (37.79% of existing share capital) under SPA 1 and an additional 1,82,23,750 equity shares (8.87% of existing share capital) under SPA 2. This transaction follows the approval granted by Ambuja's board on October 22, 2024. Advertisement The acquisition comes ahead of Ambuja Cements' proposed open offer to acquire up to 5,34,19,567 equity shares, representing 26% of the expanded share capital of OCL, at a price of ₹395.40 per share. The open offer is in accordance with SEBI's (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The open offer will be made to the public shareholders of OCL. The move signifies Ambuja Cements' intent to gain majority control in Orient Cement, further strengthening its presence in the Indian cement sector. The update also follows Orient Cement's recent allotment of 3,49,976 equity shares under its Employee Stock Option Scheme (ESOS 2015), increasing its total paid-up share capital to ₹20.54 crore. Ambuja Cements stated it will undertake all necessary regulatory actions related to the open offer as per SEBI norms.
