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Construction : Deals | November 2013 | Source : Construction Update

Ambuja gets shareholders' nod for Holcim merger

Shareholders have given their approval to Ambuja Cement for amalgamation of the Group company Holcim India with itself in a court convened meeting held recently. The shareholders nod in the meeting was crucial for getting the court’s nod for the entire restructuring process. Ambuja has already received capital market regulator SEBI’s nod for the merger. About 505 shareholders represented 15.05 crore shares held in the public and others category in the meeting held on Saturday. Interestingly, all the 34.16 lakh (100 per cent) votes registered by public shareholders at the meeting approved the amalgamation.
 
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