Corporate News     08-Jan-24
ACC acquires balance 55% stake in Asian Concretes and Cements
ACC announced the acquisition of the remaining 55% stake in Asian Concretes and Cements (ACCPL) from its existing promoter at an enterprise value of Rs. 775 crore resulting in entire ownership of ACCPL. The EV includes cash & cash equivalent of Rs. 35 crore.

ACCPL has 1.3 MTPA cement capacity in Nalagarh (Himachal Pradesh), while its subsidiary Asian Fine Cements (AFCPL) has 1.5 MTPA cement capacity in Rajpura (Punjab).

Entire acquisition is funded through internal accruals and will help ACC & its parent company Ambuja to further bolster market leadership in the lucrative North India market.

Previous News
  ACC schedules AGM
 ( Corporate News - 25-Apr-24   16:59 )
  ACC records four-fold jump in Q4 PAT to Rs 945 cr
 ( Hot Pursuit - 25-Apr-24   16:32 )
  ACC consolidated net profit rises 300.96% in the March 2024 quarter
 ( Results - Announcements 25-Apr-24   15:45 )
  ACC fixes record date for dividend
 ( Market Beat - Reports 25-Apr-24   15:41 )
  Board of ACC recommends Final Dividend
 ( Corporate News - 25-Apr-24   14:46 )
  ACC to declare Quarterly Result
 ( Corporate News - 19-Apr-24   12:26 )
  ACC to shift its registered office to Ahmedabad
 ( Corporate News - 16-Feb-24   15:17 )
  ACC consolidated net profit rises 375.11% in the December 2023 quarter
 ( Results - Announcements 25-Jan-24   15:21 )
  ACC hits 52-week high as PAT jumps more than four-fold in Q3
 ( Hot Pursuit - 25-Jan-24   15:15 )
  ACC announces board meeting date
 ( Corporate News - 17-Jan-24   13:44 )
  ACC acquires balance 55% stake in Asian Concretes and Cements
 ( Corporate News - 08-Jan-24   09:16 )
Other Stories
  Board of Manaksia Aluminium Company recommends final dividend
  18-May-24   19:26
  Board of Shilp Gravures recommends final dividend
  18-May-24   19:26
  Board of Vibrant Global Capital recommends final dividend
  18-May-24   19:26
  Board of BDH Industries recommends final dividend
  18-May-24   19:26
  Board of PPAP Automotive recommends final dividend
  18-May-24   19:26
  Apoorva Leasing Finance & Invtt. Co. to convene board meeting
  18-May-24   19:25
  Board of Data Patterns (India) recommends final dividend
  18-May-24   19:25
  Board of Tide Water Oil Company India recommends final dividend
  18-May-24   19:25
  Board of Gujarat Industries Power Company recommends final dividend
  18-May-24   19:25
  Ask Automotive to hold AGM
  18-May-24   17:40
Back Top