LafargeHolcim hikes stake in Ambuja Cement to 63.11%

16 Nov 2016 Evaluate

LafargeHolcim’s subsidiary Holderind Investments has increased its shareholding in Ambuja Cement by 39,100,000 shares to 1,253,156,361 shares (63.11 percent of total shares) and in ACC, a subsidiary of Ambuja, by 7,870,000 shares to 8,411,000 shares (4.48 percent of total shares). The purchase price will be paid in Indian Rupees. The impact on LafargeHolcim’s net debt is CHF 325 million.

Ambuja Cements is a part of a global conglomerate Holcim. The company has five integrated cement manufacturing plants and eight cement grinding units across the country.



Ambuja Cement Share Price

612.30 10.60 (1.76%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Ultratech Cement 9740.00
ACC 2494.75
Shree Cement 25800.00
Ambuja Cement 612.30
Dalmia Bharat 1940.05
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