M&A Critique
ACC-Merger-Ambuja-Cement

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ACC Limited & Ambuja Cements Limited – waiting to happen

The Board of Directors of ACC Limited and Ambuja Cements Limited has approved a Scheme of Amalgamation under which ACC (Amalgamating Company) will merge with Ambuja Cements Limited (Amalgamated Company) under Sections 230–232 of the Companies Act, 2013. The scheme is subject to statutory approvals, including NCLT.

ACC Ltd is a subsidiary of Ambuja Cements Ltd. ACC Limited (incorpora...

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Haresh Shah