LafargeHolcim increases stake in ACC, Ambuja Cement; shares slump
On August 12, 2016, Ambuja Cement acquired stake in ACC. The deal involved Ambuja Cement issuing 58.4 crore shares worth Rs 11,200 crore to the Swiss parent, which would take its stake up to 61.39% from the current 50%. It also acquired 50.1% stake of Holcim in ACC.
In Ambuja Cement, LafargeHolcim has 63.11% of total Ambuja shares. In LafargeHolcim now owns nearly 4.48% stake. Photo: Pixabay