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Ambuja Cements gets approval for merger with Adani Cementation, aiming to boost capacity.
Ambuja Cements has received regulatory clearances from the National Stock Exchange and Bombay Stock Exchange for its proposed merger with Adani Cementation, a step toward boosting efficiency and competitiveness.
Approved by both companies' boards in June 2024, the merger is part of Ambuja's plan to reach a 140 million tonnes per annum capacity by 2028, following the acquisition of Orient Cement for Rs 8,100 crore in October.
The deal still requires additional approvals.
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Ambuja Cements obtiene la aprobación para la fusión con Adani Cementation, con el objetivo de aumentar la capacidad.