Putting to rest speculation about a merger of ACC and Ambuja Cement, the managing director of ACC has ruled out any such possibility.
 
"There are no plans of merger," Sumit Banerjee, managing director of ACC told DNA Money on Thursday.
 
There has been market speculation that ACC and Gujarat Ambuja will be merged to compete better in the cement sector, which is becoming increasing consolidated.
 
Holcim controls both ACC and Ambuja Cement.
 
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