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Ambuja Cements signs non-dealing pact with lenders on ACC stake

29 Sep 2022 Evaluate

Ambuja Cements has signed a non-dealing undertaking (NDU) with lenders on 50.5 per cent shareholding in its subsidiary ACC as collateral for loans taken by the company. The company signed a NDU on 9.39 crore shares of ACC on September 26, 2022.

Earlier, Adani had acquired the two firms -- Ambuja and its subsidiary ACC -- through a Mauritius-based SPV Endeavour Trade and Investment (ETIL), which is owned by Xcent Trade and Investment (XTIL). Last week, Adani Group had signed a NDU on its entire stake worth $13 billion in Ambuja Cements and ACC, days after completing its $6.5-billion acquisition of the two companies.

Ambuja Cements is engaged in manufacturing and marketing of cement and clinker for both domestic and export markets.

Ambuja Cement Share Price

458.95 0.30 (0.07%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
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