# Gujarat Sidhee Cement amalgamates into Saurashtra Cement

Gujarat Sidhee Cement Limited will amalgamate into Saurashtra Cement Limited, as sanctioned by the National Company Law Tribunal. Shareholders of Gujarat Sidhee will receive 62 equity shares of Saurashtra Cement for every 100 shares held.

- Type: Acquisition
- Announced: 2023-04-12
- Where: India
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Saurashtra Cement](https://endata.com/companies/59357.md) (acquirer)
- [Gujarat Sidhee Cement](https://endata.com/companies/59358.md) (target)

## Sources

- [in.marketscreener.com](https://in.marketscreener.com/quote/stock/BSE-LIMITED-33930062/news/Amalgamation-of-Gujarat-Sidhee-Cement-Limited-Scrip-Code-518029--43472866/), 2023-04-12: "Pursuant to the Scheme of Amalgamation as between GUJARAT SIDHEE CEMENT LIMITED and SAURASHTRA CEMENT LIMITED, sanctioned by the Hon'ble National Company Law Tribunal, Ahmedabad Bench."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.