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
  Sensex gains 366 pts; auto shares rally for 5th day
 ( Market Commentary - Mid-Session 30-Jul-24   12:33 )
  Broader mkt rallies; oil & gas shares extend gains for 5th day
 ( Market Commentary - Mid-Session 30-Jul-24   10:37 )
  ACC slides after Q1 PAT drops 22% YoY to Rs 361 cr in FY25
 ( Hot Pursuit - 30-Jul-24   10:11 )
  Stock Alert: ACC, Colgate-Palmolive, HPCL, Restaurant Brands Asia, Kalpataru Projects
 ( Market Commentary - Stock Alert 30-Jul-24   08:35 )
  ACC consolidated net profit declines 22.47% in the June 2024 quarter
 ( Results - Announcements 29-Jul-24   17:26 )
  ACC to table results
 ( Corporate News - 16-Jul-24   18:42 )
  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 )
Other Stories
  Gujarat Natural Resources to convene board meeting
  05-Oct-24   17:43
  Narmada Macplast Drip Irrigation Sys. to convene board meeting
  05-Oct-24   17:43
  Grill Splendour Services to conduct board meeting
  05-Oct-24   17:43
  Consolidated Construction Consortium to hold board meeting
  05-Oct-24   17:43
  Visagar Polytex to announce Quarterly Result
  05-Oct-24   17:42
  GNA Axles to convene board meeting
  05-Oct-24   17:42
  Fidel Softech to conduct board meeting
  05-Oct-24   17:42
  Rita Finance & Leasing announces board meeting date
  05-Oct-24   17:42
  Pelatro to conduct EGM
  05-Oct-24   17:36
  Thinkink Picturez to hold AGM
  05-Oct-24   17:35
Back Top