The India Cements Limited — JV/Acquisition, 26-04-2025: Amalgamation/Merger

The India Cements Limited has approved a scheme of amalgamation involving its wholly-owned subsidiaries: ICL Financial Services Limited, ICL Securities Limited, ICL International Limited, and India Cements Infrastructures Limited. The amalgamation aims to consolidate operations, enhancing synergies, operational efficiencies, and financial strength, ultimately creating greater value for stakeholders. With no cash consideration or share exchange required, the share capital of the subsidiaries will be cancelled, simplifying the corporate structure. The appointed date for the scheme is set for January 1, 2025, pending necessary regulatory approvals.