Ambuja gets nod for merger with Holcim India

Ambuja gets nod for merger with Holcim India
Published: 27 March 2014

Tagged Under: Holcim Ambuja Cements India ACC Mergers 

The High Courts of New Delhi and Gujarat have given Ambuja Cements the green light to merge with Holcim India – paving the way for the ACC-Ambuja restructuring process announced by the parent company in July last year.

In a two stage deal, Ambuja will first acquire, through a purchase, a 24 per cent stake in  Holcim India for a cash consideration of INR35,000m (US$~600m), followed by a stock merger between Holcim India and Ambuja.