
Corporate Action10 April 2026 at 02:41 pm
Ambuja Cements Allots 1.3 Cr Shares to Sanghi Industries Shareholders
AI Summary
Ambuja Cements Ltd's Finance Committee approved the allotment of 1,29,93,708 fully paid-up equity shares, each with a face value of ₹2/-, to eligible shareholders of Sanghi Industries Limited. This allotment, made on April 10, 2026, is in accordance with the share exchange ratio defined in the Scheme of Arrangement between Sanghi Industries and Ambuja Cements. These newly allotted shares are slated for listing and trading on both BSE Limited and National Stock Exchange of India Limited, and will rank pari passu with Ambuja Cements' existing equity shares. The allotment also includes 15,156 shares issued to Catalyst Trusteeship Limited to manage fractional entitlements for Sanghi Industries' eligible shareholders.
Key Highlights
- Ambuja Cements allotted 1,29,93,708 equity shares.
- Shares issued to Sanghi Industries shareholders per scheme.
- New shares will list on BSE and NSE, ranking pari passu.
- Fractional entitlements managed by Catalyst Trusteeship.