Board Approves Merger with Subsidiary Andhra Cements
Sagar Cements Limited · SAGCEM · NSE ·
The Board of Directors has approved the Scheme of Amalgamation of its subsidiary, Andhra Cements Limited (ACL), with Sagar Cements Limited (SCL). The share exchange ratio is set at **29 new equity shares of SCL** for every **98 equity shares of ACL**. No cash will be paid. The me…