Birla Cable Ltd Receives NSE & BSE No Objection for Merger
Birla Cable Ltd has received 'no objection' letters from the National Stock Exchange of India Limited (NSE) and 'no adverse observations' from BSE Limited for its proposed Scheme of Amalgamation. The scheme involves the amalgamation of Birla Cable Limited (Transferor Company) with Vindhya Telelinks Limited (Transferee Company). This development follows the Board of Directors' approval on March 21, 2026, and is a crucial step towards regulatory approvals, including from the National Company Law Tribunal (NCLT). The received observation letters are in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scheme remains subject to further statutory and regulatory approvals.
Key Highlights
- NSE and BSE have issued no objection/no adverse observation letters for the amalgamation scheme.
- The scheme involves the amalgamation of Birla Cable Ltd with Vindhya Telelinks Ltd.
- This is a significant step towards obtaining final regulatory approvals.
- The scheme is subject to NCLT approval and other applicable laws.
- SEBI has provided specific comments on the draft scheme of arrangement.
Price Impact
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