Announced Fri, 14 Aug · 20:59 IST
NSE and BSE clear Birla Cable merger with Vindhya Telelinks scheme
BIRLACABLE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.8%1-day move
₹287.85
prior close
₹280.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.2-1.3-0.8+3.5+1.8-1.6-1.0-3.1-5.2-6.9+24.3+39.5——
Up moveDown movePending
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.