Birla Cable Limited has informed the Exchange about Amalgamation/Merger
BIRLACABLE · price
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Birla Cable Limited's Board, on March 21, 2026, approved a scheme of amalgamation merging the company into Vindhya Telelinks Limited under Sections 230-232 of the Companies Act, 2013, with consequent dissolution of Birla Cable. Both firms belong to the M.P. Birla Group and operate in telecom cable manufacturing. No cash consideration is involved — shareholders of Birla Cable will get 10 equity shares of Vindhya Telelinks (face value Rs. 10) for every 115 shares of Birla Cable held. The share exchange ratio was recommended by RBSA Valuation Advisors and GT Valuation Advisors, with a fairness opinion from SBI Capital Markets. The scheme is subject to NCLT approval, SEBI/Stock Exchange no-objections, and majority approval of public shareholders. Post-amalgamation, Vindhya Telelinks' public shareholding will rise to 58.74% from 56.46%.
For Birla Cable shareholders, this is a stock-for-stock merger that will result in their holding being dissolved and converted into shares of the much larger Vindhya Telelinks (Vindhya's consolidated total assets of ~Rs. 8,484 Cr dwarf Birla Cable's ~Rs. 463 Cr). The merger offers no cash exit and is a related-party transaction (Vindhya already holds 19.33% in Birla Cable), so investors should watch the share exchange ratio fairness, public shareholder voting outcome, and NCLT approval timeline closely.