Ambuja shareholders approve Orient Cement merger with 99.98 percent votes in favour

Listed-company acquisitionScheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

AMBUJACEM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.3%Reaction day

₹374.35

prior close

₹373.50

announcement price

After-mkt

timing

Nifty 100market-0.5%-1.8% vs market

Cement & Cement Products peers, median of 36sector-1.2%-1.1% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty 100 and 1.1 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-0.8

15m

-1.1

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.3-0.5-1.8-1.2-1.1

Next day

-0.1-0.7+0.6-0.6+0.5

-3.2-1.6-1.6-1.2-2.0

-2.1-1.1-1.0-2.1+0.0

-3.4-0.1-3.3-2.6-0.8

-4.7-0.9-3.9-3.1-1.7

-6.1-1.5-4.6-5.2-0.9

15d

-3.0-1.1-1.9-7.2+4.2

-4.7-0.0-4.7-8.8+4.1

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UpDownMarket · Nifty 100Sector · Cement & Cement Products peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shareholders of Ambuja Cements approved the scheme to merge Orient Cement Limited into the company at an NCLT-convened meeting on Sept 28, 2026. About 99.98 percent of votes (around 225.4 crore shares) backed the merger; only 0.02 percent (about 4.18 lakh shares) opposed. Promoters holding 67.33 percent of capital voted fully in favour. The resolution also got the required majority from public shareholders under the SEBI circular. The scheme still needs final NCLT sanction to become effective.

Likely market impact

Key shareholder approval secured for Orient Cement acquisition. Next step is NCLT sanction. Positive for capacity expansion, but swap ratio matters for dilution.