Merger4 Jun 2026, 07:51 pm
ACC & Ambuja Cements Receive No Objection for Amalgamation Scheme
AI Summary
ACC Ltd has received 'no adverse observations' from BSE Limited and 'no objection' from The National Stock Exchange of India Limited for its proposed amalgamation with Ambuja Cements Limited. This follows the board's approval of the scheme in December 2025. The companies have also received comments from SEBI regarding compliance with listing regulations, disclosure requirements, and financial reporting. The amalgamation is still subject to further statutory, regulatory, and shareholder approvals.
Key Highlights
- BSE and NSE have issued no objection letters for the ACC-Ambuja amalgamation.
- SEBI has provided comments on the draft scheme of arrangement.
- The amalgamation is pending further regulatory and shareholder approvals.
- Companies must ensure compliance with SEBI's disclosure and financial norms.