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Sanghi Industries and Ambuja Cements are moving ahead with their merger! Sanghi has secured 'no adverse objection' letters from both BSE and NSE for their Scheme of Arrangement. This is a significant milestone, clearing a key regulatory hurdle for the proposed amalgamation. While this is positive news, remember the merger still awaits further statutory, regulatory, and shareholder/creditor approvals. Keep an eye out as this consolidates the path for the combined entity.