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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Sat, Aug 13, 2016
Kotak Securities stated that with the deal between majority owners of both the companies, minority shareholders will get to be a shareholder of ACC which is believed to be a less efficient company by market analysts and shareholders.
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