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NCLT Allows ACC-Ambuja Cements Amalgamation Scheme Under Sections 230-232
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taxguruin
For Ambuja Cements, the Tribunal directed a meeting of its 6,13,421 equity shareholders through VC/OAVM on 29.09.2026 at 12.30 P.M.
Thereafter, certain information/details/queries were sought/raised by NSE/BSE and the same were submitted by the Amalgamating Company and the Amalgamated Company.
Accordingly, the Amalgamating Company and the Amalgamated Company, filed Complaint Reports with the NSE on 05.02.2026 and BSE on 05.02.2026.
It is further submitted that, to the knowledge of the Amalgamated Company, no proceedings under the Insolvency and Bankruptcy Code, 2016 have been initiated or are pending against the Amalgamated Company.
The Amalgamated Company is the Promoter of the Amalgamating Company and holds 50.05% of the paid-up equity share capital of the Amalgamating Company.