Ambuja Cements has received the green light from the National Stock Exchange (NSE) to go ahead with its plan to merge Sanghi Industries into itself. This approval, known as a No Objection Certificate (NOC), is a major step forward in completing the merger process.
This merger is part of Ambuja’s bigger plan to bring all its cement companies under one roof. The Adani Group, which owns Ambuja, has been expanding its cement business since 2022. It has bought several companies like Sanghi Industries, Penna Cement, ACC, and Orient Cement, and now wants to combine them into a more streamlined and efficient business.
To carry out the merger, Ambuja had earlier announced a share swap plan—for every 100 shares of Sanghi, investors will get 12 shares of Ambuja. This helps make sure that all shareholders are part of the newly combined company and benefit from its growth.
Sanghi Industries adds large cement manufacturing facilities to Ambuja’s network, including big kilns and clinker plants. These assets also strengthen Ambuja’s reach along India’s coastline, which is important for transporting cement more efficiently.
Although the NSE approval is just one step, it brings the companies closer to completing the full merger. Once done, it could lead to cost savings, better use of factory capacity, and more transparency, especially for large investors. Analysts believe the combined company might even see stronger profits and higher market value as a result.