NCLT approves merger scheme of Adani Group’s Ambuja Cements and Sanghi Industries
NCLT in its order said that the merger scheme is in the public interest, as it enhances operational efficiency, consolidates resources, and does not prejudice the rights of shareholders, creditors, or statutory authorities. Adani Group’s Ambuja Cements on February 9 announced that the Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved…