External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Ambuja Cements announced the merger of its two listed subsidiaries ACC and Orient Cements, through a share swap ratio</li><li>It is expected to be completed over the next 12 months</li><li>The merger approval of another listed subsidiary Sanghi Industries is already in process and is expected to complete in the next few months</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Ambuja Cements announced the merger of its two listed subsidiaries ACC and Orient Cements, through a share swap ratioIt is expected to be completed over the next 12 monthsThe merger approval of another listed subsidiary Sanghi Industries is already in process and is expected to complete in the next few monthsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ambuja Cement: Subsidiary Merger: A Value Accretive Deal. Maintain BUY