Ambuja Cements and ACC Limited are progressing with their merger.

Ambuja Cements has secured key regulatory nods, receiving 'no adverse observations' from BSE and 'no objection' from NSE for the ACC Limited amalgamation scheme.

This is a crucial step forward for the combined entity.

The merger still requires other statutory and shareholder approvals.

Details on shareholder impact, including any dilution or change in rights, will be provided to investors later.

The company has six months to file the scheme with the NCLT.