By Debdeep Gupta | 08 Jan, 2024
Adani-owned ACC to acquire complete stake in Asian Concretes and Cements
Adani-owned ACC Limited said on January 8 that it will acquire the remaining 55 percent stake in Asian Concretes and Cements Private Limited (ACCPL) from an existing promoter at an enterprise Value of Rs 775 crore, as the cement and building materials firm looks to boost capacity amid robust demand. ACC currently holds a 45 percent stake in the company.The acquisition is value accretive consid...
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