Ambuja Cements has received key regulatory clearances for its merger with Sanghi Industries.

Both BSE and NSE have issued 'no adverse objection' letters for the proposed Scheme of Arrangement between Sanghi Industries Limited (the Transferor Company) and Ambuja Cements Limited (the Transferee Company). This marks a significant stride in the ongoing merger process, indicating progress towards consolidation.

The Scheme remains contingent on further statutory, regulatory, and shareholder/creditor approvals.

This update is positive news for investors tracking the merger's progression.