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Ambuja Cements, ACC Shares Surge Up To 10% On Renewing TKH Agreement With Holcim Technology moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Shares of Mrs Bectors Food Specialities will debut on the bourses today, 24 December 2020. The final issue price has been fixed at Rs 288 per share. ACC has approved the renewal of the existing Technology and Know-How Agreement ( TKH Agreement ) with Holcim Technology ( HTL ) under which the Company pays TKH fees @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. Tata Communications has acquired majority equity stake of 58.1% in Oasis Smart SIM Europe SAS (Oasis), a France-headquartered embedded-SIM (eSIM) technology provider. Oasis develops and provides advanced technologies and personalised services to enable the deployment of eSIM and SIM technologies. ....
Read more about Sensex, Nifty advance in early trade on Business Standard. Key indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 342.46 points or 0.74% at 46,786.64. The Nifty 50 index was up 95.05 points or 0.7% at 13,696.15. ....
Shares of Holcim-promoted cement companies – Ambuja Cements and ACC – rallied up to 10 per cent on the BSE on Thursday after the companies received board approval for paying technology fees to their parent company, Holcim Ltd. The TKH fees with the foreign promoter Holcim has been kept at 1 per cent of net sales every year for two years with effect from January 1, 2021. Among individual stocks, Ambuja Cements has rallied 10 per cent to Rs 261, while ACC jumped 7 per cent to Rs 1,692 on the BSE in intra-day trade. At 09:53 am, Ambuja Cements was trading 6 per cent higher at Rs 251 and ACC was up 4 per cent at Rs 1,647, as compared to 0.78 per cent rise in the S&P BSE Sensex. ....