Announced Wed, 19 Aug · 18:37 IST
NSE no objection for Kothari Sugars merger into Kothari Petrochemicals
KOTHARIPET · 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
-0.5%1-day move
₹133.50
prior close
₹135.61
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—-0.8-0.6—-0.5—————————
Up moveDown movePending
AI summary
Kothari Sugars and Chemicals (KSCL) will merge into Kothari Petrochemicals under Section 230-232 of the Companies Act. NSE issued its no objection on August 19, 2026, after SEBI comments on August 18, 2026. Board approved the scheme on May 19, 2026. Still needs NCLT, shareholder and creditor approvals. The NSE observation letter is valid for 6 months.
Likely market impact
Removes a key regulatory hurdle. Watch for share exchange ratio announcement and NCLT filing.