Exchanges grant 'No Objection' for Amalgamation Scheme of Orient Cement with Ambuja Cements
Ambuja Cements Limited announced that it has received observation letters from both the BSE and the National Stock Exchange of India Limited (NSE) regarding its proposed Scheme of Amalgamation involving Orient Cement Limited. The observations, received on June 04, 2026, grant a status of 'no adverse objection' from BSE and 'no objection' from NSE concerning the amalgamation of Orient Cement Limited with Ambuja Cements Limited.The scheme involves the merger of Orient Cement Limited (the Transferor Company) into Ambuja Cements Limited (the Transferee Company), executed under Sections 230 to 232 of the Companies Act, 2013.
In light of these approvals from both stock exchanges, the company confirmed that the scheme remains subject to various statutory and regulatory requirements. The successful completion of the Scheme is also contingent upon securing necessary approvals from the respective shareholders and creditors of the companies involved in the process.
The observation letters received from BSE and NSE have been noted by Ambuja Cements Limited, and copies of these documents are enclosed. The company confirmed that the details of these observation letters will also be made available on its official website.
AMBUJACEM Stock Price Movement
Today, shares of Ambuja Cements Limited shed value, settling at ₹426.35 after closing down 0.13%. The stock traded within an intraday range spanning from a low of ₹423.65 to a high of ₹429.8.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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