ACC Limited and Ambuja Cements Limited have received 'no adverse observations' from BSE and 'no objection' from NSE for their proposed amalgamation.

This marks a key regulatory clearance for combining the two cement companies.

The scheme now proceeds to secure approvals from shareholders, creditors, and the National Company Law Tribunal (NCLT). Companies must file the scheme with NCLT within six months.

Investors can expect detailed explanations on the merger's impact, including any shareholding dilution or changes in rights, to be disclosed during the upcoming approval process.