ImportantCompany Update
Ambuja Cements has called a shareholder meeting via video conference to consider the amalgamation of Orient Cement with the company.
Kiran Syntex Ltd530443 · Filed with the exchange
Shareholders on record as of September 21 are eligible to vote.
The proposed scheme requires approval from a three-fourths majority in value of shareholders.
Importantly for retail investors, it also needs more public shareholder votes in favor than against to pass.
This grants public investors a significant say in this key strategic merger.
Remote e-voting is available from September 23 to September 27.
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