Sagar & Amareswari Cements merger, India

Sagar & Amareswari Cements merger, India
Published: 09 March 2011

Sagar Cement’s Scheme of Arrangement for the proposed merger of Amareswari Cements has been by the equity shareholders and unsecured creditors of the respective companies at meetings held on March 07, 2011. The merger is subject to the confirmation in due course by the Hon’ble High court of Andhra Pradesh. Sagar Cements operates a modern, mini cement plant in the state of Andhra Pradesh.