News: Ambuja Cement gets court nod for merger

(BL 25/11/2006) Mumbai - Ambuja Cement Eastern Ltd said the Chhattisgarh High Court has approved the merger of the company with Gujarat Ambuja Cements Ltd, which will be effective from January 1.

In a filing on the Bombay Stock Exchange, Ambuja Cement Eastern said that consequent to the order passed by the Chhattisgarh High Court the board of directors today discussed the same. The company has filed the requisite form No 21 with the registrar of companies of Madhya Pradesh and Chhattisgarh, it added.

On September 13, shareholders and creditors had approved the scheme of amalgamation of Ambuja Cement Eastern with Gujarat Ambuja.