LafargeHolcim increases stake in Ambuja Cement and ACC

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Capital Market
Last Updated : Nov 17 2016 | 12:01 AM IST

To 63.11% and 4.48% respectively

ACC announced that LafargeHolcim's subsidiary Holderind Investments has increased its shareholding in Ambuja Cement by 39,100,000 shares to 1253156361 shares (63.11% of total Ambuja shares) and in ACC, a subsidiary of Ambuja, by 7870000 shares to 8411000 shares (4.48% of total ACC shares).

The Purchase Price will be paid in INR. The impact of LarfargeHolcim's net debt is CHF 325 million. This investment was not included in the Group's net debt objective of around CHF 13 billion at the end of 2016 which should be adjusted accordingly.

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First Published: Nov 16 2016 | 9:15 AM IST

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