Sanghi Industries Limited has informed the Exchange about Sanction of Scheme of Arrangement between Sanghi Industries Limited and Ambuja Cements Limited and their respective shareholders
Awaiting price reaction for this filing.
Sanghi Industries has informed the exchanges that the Scheme of Arrangement between itself and Ambuja Cements Limited has been sanctioned. The scheme involves both companies and their respective shareholders, indicating a formal merger or amalgamation structure. This sanction follows the National Company Law Tribunal (NCLT) approval process for the arrangement. Ambuja Cements, a major cement player under the Adani Group, is the counterparty in this transaction.
This is a significant milestone for Sanghi Industries shareholders as scheme sanction typically clears the path for completion of the transaction, which may include share swap or cash consideration. Shareholders should watch for further updates on swap ratio, record date, and potential delisting implications.