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ACC gets shareholder nod for merger of Bargarh Cement

Our Bureau

Mumbai , Sept. 9

THE Associated Cement Companies has acquired permission from its equity shareholders for amalgamation of Bargarh Cement Ltd with itself.

This follows the Bombay High Court order on August 5, said ACC, in a notice to the stock exchanges on Friday.

There were a a few directorial changes in the company today as well. Mr Amitabha Ghosh, nominee of UTI Asset Management Company, resigned from the company's board. Mr N.A. Soonawala, another board member, also tendered his resignation. Mr Cyril Shroff is the third director who submitted his resignation.

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