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ACC & Ambuja in focus: Technical know-how fees maintained @1% of sales


Jefferies: ACC & Ambuja Cement are top sector picks
Analysts say announcement clears overhang on both the stocks 
Mumbai: In a board meeting yesterday, ACC/Ambuja announced renewal of Technical Know-how fees (TKH) to parent at 1% of net sales for next 2 years, w.e.f. January 01, 2021. The agreement is renewed on the same terms and conditions as exists in the current ongoing agreement which expires in December 2020.
Broking House Antique believes this announcement clears the overhang on both the stocks in relation to speculation on increase in the fees to parent and is positive for both the stocks. As per Antique, the renewal of agreement is not kept for shareholders approval. As per Antique, while the quantum of increase in cash outflow in case of anticipated increase was not very material, the parent s intent was considered a key concern. ....

Technical Know How , House Antique , Shree Cement , Brokerage House Jefferies , Royalty Status Quo , Lafarge Holcim , தொழில்நுட்ப தெரியும் எப்படி , வீடு பழங்கால , ஸ்ரீ சிமென்ட் , தரகு வீடு ஜெஃப்பெரிஸ் , ராயல்டி நிலை கோ , லஅபர்கே ஹோல்சிம் ,