Ambuja Cements Limited has informed the Exchange about receipt of Observation Letters with ''no adverse observations'' from the BSE Limited and ''No Objection'' from The National Stock Exchange of India Limited in relation to the Scheme of Amalgamation of ACC Limited (Amalgamating Company) with Ambuja Cements Limited (Amalgamated Company)

Ambuja Cements has received clearance from both BSE (no adverse observations) and NSE (no objection) on its proposed Scheme of Amalgamation with ACC Limited, where ACC is the Amalgamating Company and Ambuja Cements is the Amalgamated Company. This is a key stock exchange approval step required before the scheme can be filed with the National Company Law Tribunal (NCLT) for further clearance. Shareholders of both listed entities will ultimately need to approve the merger, with a share swap ratio expected to be part of the final scheme. The move is part of the Adani Group's plan to consolidate its cement business under Ambuja Cements.