Sanghi Industries Limited — JV/Acquisition, 17-07-2025: Amalgamation/Merger

Sanghi Industries (SIL) and Ambuja Cements (ACL) just got a key regulatory green light for their proposed merger! The National Stock Exchange (NSE) has issued its 'no objection' letter for the Scheme of Arrangement. This crucial approval means the companies can now proceed to file the merger plan with the National Company Law Tribunal (NCLT). The NCLT submission must occur within six months. While this is a big step, the merger still needs other statutory, regulatory, and shareholder/creditor nods. Stay tuned for full merger details and shareholder impact!