Ambuja gets courts' nod to rejig shareholding.

Ambuja Cements received Gujarat and Delhi High Courts' approval to merge Holcim India with itself. While sanctioning the scheme of amalgamation, the Gujarat High Court also approved reduction of capital of the company as envisaged in the scheme, Ambuja Cements said in a filing to stock exchanges.

Certified copies of the order from both courts are awaited. The scheme is subject to fulfilment of conditions specified and the stock exchanges will be intimated once the scheme becomes effective, said the company.

HBL