ACC and Ambuja merger advances under Adani Group
pre-market1 source ↓written by the desknot a recommendation
- for every
- 328 equity shares
- held by ACC
- 100 shares
The Board of ACC Ltd has approved a Scheme of Amalgamation with Ambuja Cements Ltd, moving towards a unified cement platform under the Adani Group. Ambuja will issue 328 equity shares for every 100 shares held by ACC shareholders, streamlining operations and enhancing capital allocation. This merger aims to create a more efficient corporate structure.
Not investment advice. For informational purposes only.