Merger14 Aug 2026, 09:10 pm
Vindhya Telelinks Receives NSE, BSE No Objection for Amalgamation Scheme
AI Summary
Vindhya Telelinks Ltd announced it has received 'no objection' observation letters from the National Stock Exchange (NSE) and 'no adverse observations' from BSE Limited for its proposed Scheme of Amalgamation with Birla Cable Limited. This follows the Board's approval on March 21, 2026. The scheme is subject to further statutory and regulatory approvals, including the National Company Law Tribunal (NCLT). The company has also been provided with specific comments from SEBI regarding disclosures, financial periods, and shareholder voting requirements for the scheme. The observation letters are available on the company's website.
Key Highlights
- NSE and BSE have issued 'no objection'/'no adverse observations' for the amalgamation scheme.
- The scheme involves the amalgamation of Birla Cable Limited with Vindhya Telelinks Limited.
- Further approvals from NCLT and other regulatory bodies are still required.
- SEBI has provided specific disclosure and compliance requirements for the scheme.
- The scheme remains subject to necessary statutory and regulatory approvals.
Price Impact
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