Holcim hikes stake in ACC

Holcim hikes stake in ACC
Published: 13 December 2010

Holcim Ltd has increased its stake in Mumbai based Cement company ACC Ltd by 1.17 per cent to 47.37 per cent, through Ambuja Cement India Pvt Ltd, by purchasing 22.13 lakh shares for INR 237.79 crore in a bulk deal on the Bombay Stock Exchange on Friday.

Holcim bought a majority stake in ACC in 2005 through Ambuja Cements, it is currently the promoter of both ACC and Ambuja Cement Ltd.