India's Ambuja Cements gains on tribunal's nod for merger with Adani Cementation

Ambuja Cements

21/07/2025 06:57

** Shares of Ambuja Cements ABUJ.NS rise as much as 2.20% to 609.8 rupees, the highest since October 10, 2024

** National Company Law Tribunal (NCLT) Ahmedabad approves the merger of Adani Cementation with ABUJ

** Move to help consolidate Adani group's cement business under ABUJ

** Stock exchange BSE also gives its "no adverse objection" to the merger over the weekend; NSE had already issued "no objection" letter on July 17

** ABUJ shares are up 11.4% in 2025 so far, outperforming the 0.6% rise in the Nifty Next 50 index .NN50

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))