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ACC, Ambuja Cements trade weak as merger plans put on hold

Ambuja Cements was trading 4% lower at Rs 253, while ACC down 2% at Rs 1,625 on the BSE at 10:23 am.

cement prices
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South India is seeing the biggest pricing impact

SI Reporter Mumbai
Shares of ACC and Ambuja Cements were trading lower by upto 4% on the BSE, after these companies on Monday post market hours said they are not proceeding with the merger at this juncture. The Indian units of LafargeHolcim announced merger plan in May last year.

Ambuja Cements was trading 4% lower at Rs 253, while ACC down 2% at Rs 1,625 on the BSE. On comparison, the S&P BSE Sensex was down 0.3% at 34,344 points at 10:23 am.

"On the basis of a comprehensive evaluation carried out by both the special committee and Board of Directors of

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First Published: Feb 27 2018 | 10:19 AM IST

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