ACC rose 4.77% to Rs 1655 while Ambuja Cements jumped 6.24% to Rs 252.15.
Meanwhile, the S&P BSE Sensex rose 395.42 points or 0.85% to 46,839.60.
In separate regulatory filings made after market hours yesterday, ACC and Ambuja Cements said that their respective boards had approved the renewal of the existing technology and know-how agreement (TKH agreement) with Holcim Technology (HTL) under which they pay TKH fees at 1% of net sales each year, to HTL, for a period of 2 years with effect from 1 January 2021, i.e., on the same terms of the existing TKH Agreement.
HTL held 4.48% stake in ACC while its stake in Ambuja Cements was 63.27% as on 30 September 2020.