Merger4 Jun 2026, 07:41 pm
Ambuja Cements: Receives NSE, BSE No Objection for Merger Scheme
AI Summary
Ambuja Cements Ltd has received 'no adverse objection' letters from BSE Limited and 'No Objection' from National Stock Exchange of India Limited for the proposed Scheme of Amalgamation between Orient Cement Limited and Ambuja Cements Limited. This follows the Board of Directors' approval of the scheme in December 2025. The scheme is still subject to other statutory, regulatory, and shareholder/creditor approvals. SEBI has provided specific comments on the draft scheme, including disclosures on ongoing proceedings, website updates, compliance with circulars, financial data age, and mandatory demat form for new shares. The company will incorporate these observations in its petition to the NCLT.
Key Highlights
- NSE and BSE have issued no objection letters for the proposed merger scheme.
- The scheme involves the amalgamation of Orient Cement Limited with Ambuja Cements Limited.
- Further statutory, regulatory, and shareholder approvals are still required.
- SEBI has provided specific disclosure and compliance conditions for the scheme.
- Observations from SEBI and stock exchanges will be submitted to NCLT.
Price Impact
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