Ambuja gets nod for merger with Holcim India

Ambuja gets nod for merger with Holcim India
27 March 2014


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.

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Tagged Under: Holcim Ambuja Cements India ACC Mergers