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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

435.30 -1.35 (-0.31%)
12-May-2026 11:53 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11759.00
Ambuja Cement 435.30
ACC 1359.35
Shree Cement 25060.50
Dalmia Bharat 1799.00
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