18 January 2024
ACC to acquire additional 55% stake in ACCPL
ACC, the cement and building material company of Adani Group, has agreed to acquire 55% equity stake in Asian Concretes and Cements (ACCPL) for Rs 425.96 crore, the company said in a BSE filing.
It has existing holding of 45% equity stake in the company.Entire acquisition is funded through internal accruals and upon completion of the acquisition ACCPL will become a wholly-owned subsidiary of the company.
Source : https://constrofacilitator.com/acc-to-acquire-additional-55-stake-in-accpl/