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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.
Saurashtra Cement and Gujarat Sidhee Cement have agreed to merge into a single entity, approved by their boards on 30 December 2021.