ACC Limited has informed the Exchange about the approval of Scheme of Amalgamation of ACC Limited (Amalgamating Company) with Ambuja Cements Limited (Amalgamated Company).
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Awaiting price reaction for this filing.
ACC Limited has received approval for its Scheme of Amalgamation, under which it will merge into Ambuja Cements Limited (the Amalgamated Company). Both ACC and Ambuja Cements are part of the Adani Group's cement portfolio, and this merger aims to consolidate their cement businesses under a single entity. The scheme now moves forward in the approval process, likely towards NCLT and regulatory clearances. Share-swap ratio and detailed terms will typically be part of the scheme documents shared with shareholders.
For ACC shareholders, this is a significant corporate event that could lead to share-swap benefits and a re-rating, but it also means ACC will lose its independent listed status. The stock may see short-term movement based on the swap ratio and synergy expectations.