NSE and BSE clear Birla Cable merger with Vindhya Telelinks scheme

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

BIRLACABLE · 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

-2.7%Reaction day

₹287.85

prior close

₹280.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-2.9% vs market

On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250, 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

-2.2

10m

-1.3

15m

-0.8

30m

+3.5

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-2.7+0.1-2.9

Next day

+1.8+0.5+1.3

-1.6-0.1-1.5

-1.0+0.4-1.5

-3.1+0.7-3.8

-5.2+0.9-6.2

-6.9+1.1-8.0

15d

+24.3+1.6+22.7

+39.5-0.7+40.3

+14.2-3.2+17.5

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Birla Cable has received no objection from NSE and no adverse observations from BSE on August 14, 2026 for its proposed Scheme of Amalgamation with Vindhya Telelinks Limited. Under the scheme, Birla Cable (Transferor) will merge into Vindhya Telelinks (Transferee) under Sections 230-232 of the Companies Act. Both boards approved the scheme on March 21, 2026. Next step is filing with NCLT within six months, subject to shareholder and creditor approvals.

Likely market impact

Positive step toward merger completion. Removes a key regulatory hurdle. Shareholders await share swap ratio, NCLT and shareholder approval.