Ahmedabad, Dec 22 (IANS) Ambuja Cements, part of the Adani Group, on Monday said it has received approval for two separate schemes of amalgamation from its Board of Directors — to merge ACC Limited and Orient Cement Limited — thus establishing a single consolidated ‘One Cement Platform’. This consolidation is a major step for Adani Group’s cement business, creating an integrated and stronger entity with greater scale, efficiencies, and financial strength.“This consolidation represent…
Latest Merger News & Updates
Seoul, Dec 22 (IANS) The antitrust regulator said on Monday it has instructed the country’s flag carrier Korean Air to revise its mileage integration plan as part of its merger with Asiana Airlines.Korean Air has been notified to submit a more detailed plan within one month, including measures for the use of bonus seats and seat upgrade services, according to the Fair Trade Commission (FTC), reports Yonhap news agency.Under the plan approved in September, Asiana customers will be able to use the…