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ACC strengthens market leadership with acquisition of Asian Concretes and Cements at enterprise value of Rs 775 cr

ACC Limited, subsidiary of Ambuja Cements Limited and a leading entity in the cement and building materials sector, currently holds 45 per cent stake in Asian Concretes and Cements Private Limited (ACCPL).On Monday it announced the successful .

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ACC news: ACC buys remaining 55% in Asian Concretes at Rs 775 cr enterprise value

ACC Ltd has acquired a 55% stake in Asian Concretes and Cement, adding 2.8 million to its existing production capacity. The deal, funded by internal accruals, will increase ACC and Ambuja Cements capacity to produce 76.10 million tonne of cement annually. The company plans to increase this to 140 million tonne by 2028.

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ACC announces acquisition of remaining 55% stake in ACCPL at an enterprise value of Rs 775 crore

ACC announces acquisition of remaining 55% stake in ACCPL at an enterprise value of Rs 775 crore
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ACC completely acquires Asian Concretes & Cements at enterprise value of Rs 775 cr

ACC completely acquires Asian Concretes & Cements at enterprise value of Rs 775 cr
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Share Market Highlights 08 January 2024: Sensex sheds 671 pts, Nifty closes around 21,500

Share Market Highlights 08 January 2024: Sensex sheds 671 pts, Nifty closes around 21,500
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