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Why world s top cement maker Holcim is exiting India?
Holcim, which had entered the market 17 years ago, held a 63.19 per cent stake in Ambuja and a 4.48 per cent in ACC, while Ambuja owns a 50.05 per cent stake in ACC.
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Battle for Holcim s ACC, Ambuja hots up as Adani, JSW are vying for cement assets
Switzerland's Holcim will review bids from both Adani and JSW, but a deal would depend not just financial but on other contractual terms.
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