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Ambuja Cements soars on getting HC nod to amalgamate Holcim India with itself

27 Mar 2014

Ambuja Cements is currently trading at Rs. 187.70, up by 1.35 points or 0.64% from its previous closing of Rs. 186.35 on the BSE.

The scrip opened at Rs. 186.00 and has touched a high and low of Rs. 187.60 and Rs. 185.05 respectively. So far 10478 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 211.90 on 18-Jul-2013 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. 189.20 and Rs. 181.70 respectively. The current market cap of the company is Rs. 28729.57 crore.

The promoters holding in the company stood at 50.48% while Institutions and Non-Institutions held 39.89% and 8.03% respectively.

Ambuja Cements has received an approval from High Court of Gujarat and New Delhi for Scheme of Amalgamation of Holcim India with itself. The High Court of Gujarat has also approved the reduction of capital of the Company as envisaged in the Scheme.

Ambuja Cements was set up in 1986. In the last decade the company has grown tenfold. The total cement capacity of the company is 18.5 million tones. 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.

Related Ambuja Cements Ltd. Links:

Ambuja Cement Share Price

376.70 -1.05 (-0.28%) Dec 03, 18:01
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