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The latest update is out from Ambuja Cements Limited ( (IN:AMBUJACEM) ).
Ambuja Cements Limited has announced that its Scheme of Arrangement with Penna Cement Industries Limited has become effective following the filing of the National Company Law Tribunal’s approval order with the Registrar of Companies in Ahmedabad. As a result, Penna Cement Industries has been amalgamated into Ambuja Cements and stands dissolved without being wound up, with the scheme’s appointed date set as August 16, 2024.
Under the now-effective arrangement, equity shareholders of Penna Cement Industries recorded as of April 10, 2026 will receive a cash consideration as provided in the scheme, marking a key step in Ambuja’s consolidation of assets and operations. The completion of this amalgamation is expected to streamline the combined entity’s corporate structure and may strengthen Ambuja’s capacity and presence in the cement sector, with implications for its growth strategy and stakeholder value.
More about Ambuja Cements Limited
Ambuja Cements Limited, part of the Adani Group, is a leading Indian cement manufacturer with operations centered in Gujarat and a broader focus on supplying cement and related building materials across domestic and overseas markets. The company serves infrastructure, housing, and commercial construction segments, positioning itself as a key player in India’s cement and construction materials industry.
Average Trading Volume: 175,108
Technical Sentiment Signal: Hold
Current Market Cap: 1073B INR
For a thorough assessment of AMBUJACEM stock, go to TipRanks’ Stock Analysis page.