Merger4 Jun 2026, 07:31 pm
Ambuja Cements: NSE, BSE nod for ACC merger scheme
AI Summary
Ambuja Cements Ltd has received 'no adverse observations' from BSE and 'no objection' from NSE for its proposed amalgamation scheme with ACC Limited. This follows the Board's approval in December 2025. The scheme is subject to further statutory, regulatory, and shareholder approvals. SEBI has provided comments, including compliance with listing regulations, disclosure of ongoing proceedings, and ensuring financials are not older than six months. The companies must also ensure equity shares are issued in demat form and incorporate SEBI/exchange observations in their NCLT petition.
Key Highlights
- NSE and BSE have issued no objection/no adverse observation letters for the ACC merger.
- Scheme of amalgamation between Ambuja Cements and ACC Limited progresses.
- Further statutory, regulatory, and shareholder approvals are still required.
- SEBI has provided specific comments on compliance and disclosures for the scheme.
Price Impact
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