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ACC-Ambuja merger

LafargeHolcim increases stake in ACC, Ambuja Cement; shares slump

LafargeHolcim increases stake in ACC, Ambuja Cement; shares slump

Wed, Nov 16, 2016

On August 12, 2016, Ambuja Cement acquired stake in ACC. The deal involved Ambuja Cement issuing 58.4 crore shares worth Rs 11,200 crore  to the Swiss parent, which would take its stake up to 61.39% from the current 50%. It also acquired 50.1% stake of Holcim in ACC.

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