Ambuja Cements is currently trading at Rs. 184.20, up by 4.70 points or 2.62% from its previous closing of Rs. 179.50 on the BSE.
The scrip opened at Rs. 182.00 and has touched a high and low of Rs. 185.65 and Rs. 182.00 respectively. So far 44285 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 220.70 on 05-Oct-2012 and a 52 week low of Rs. 147.55 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 187.90 and Rs. 175.65 respectively. The current market cap of the company is Rs. 28480.44 crore.
The promoters holding in the company stood at 50.55% while Institutions and Non-Institutions held 38.94% and 8.25% respectively.
Going by the market regulator’s orders, Ambuja Cements will seek shareholders’ nod separately for the two-tier deal with parent Holcim. Firstly, for buying a 24% stake in Holcim (India) from Holderind International for Rs 3,500 crore, and later amalgamating the same with the company.
Back on July 24, Ambuja Cements, in a multi-layered transaction, announced its plans to buy a majority stake in cement maker ACC through a complex transaction that involves paying Rs 3,500 crore to Swiss parent Holcim.
As an initial step, it plans to acquire a 24% stake in Holcim (India) from Holderind International for Rs 3,500 crore. Post the acquisition, Ambuja Cements and Holcim India would merge through a share-swap arrangement. After the merger, the combined entity, which will retain its name as Ambuja Cements, will hold a 50.5% stake in ACC, another Holcim group cement company in India.
Ambuja Cements was set up in 1986. The total cement capacity of the company is 18.5 million tonnes. Its plants are some of the most efficient in the world. With environment protection measures that are on par with the finest in the developed world.