Receipt of Observation Letters with "no adverse objection" from the BSE Limited and "no objection" from the…
As filed · Orient Cement Limited has informed the Exchange about Receipt of Observation Letters with "no adverse objection" from the BSE Limited and "no objection" from the National Stock Exchange of India Limit
What happened
FactOrient Cement Limited has informed the Exchange about Receipt of Observation Letters with "no adverse objection" from the BSE Limited and "no objection" from the National Stock Exchange of India Limited in relation to the Scheme of Amalgamation of Orient Cement Limited ("Transferor Company") with Ambuja Cements Limited ("Transferee Company"). (“NSE”) in relation to the Scheme of Amalgamation of Orient Cement Limited. Amalgamation between Orient Cement Limited (“Transferor…
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
RevisedWe are targeting additional, another 13 million tonnes this financial year.
In our larger aim of achieving 140 million tonnes by FY28, we are well poised to achieve 118 million tonnes by end of FY26 powered by our strategic brownfield expansions across various sites.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
- by end of this year, we should be hitting 119 million. (management committed by FY27)
- On a full year, we are anyways giving a guidance of INR4,250 a ton (management committed by FY27)
Evidence
- Orient Cement Limited has informed the Exchange about Receipt of Observation Letters with "no adverse objection" from the BSE Limited and "no objection" from the National Stock Exchange of India Limited in relation to the Scheme of Amalgamation of Orient Cement Limited ("Transferor Company") with Ambuja Cements Limited ("Transferee Company").(opens the original filing in a new tab)
- Earlier statement · Q1 FY26
- Latest statement · Q1 FY26
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +4 corroborating keywords; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%