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Holcim hikes stake in ACC Ltd by 1.17 % to 47.37%

Holcim hikes stake in ACC Ltd by 1.17 % to 47.37%
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First Published: Sat, Dec 11 2010. 12 00 AM IST
Updated: Sat, Dec 11 2010. 12 00 AM IST
Mumbai: Swiss cement giant Holcim Ltd has increased its stake in Mumbai based Cement company ACC Ltd by 1.17% to 47.37%, through Ambuja Cement India Pvt Ltd, by purchasing 22.13 lakh shares for Rs237.79 crore in a bulk deal on the Bombay Stock Exchange on Friday.
Holcim bought a majority stake in ACC in 2005 through Ambuja Cements, it is currently the promoter of both ACC and Ambuja Cement Ltd.
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First Published: Sat, Dec 11 2010. 12 00 AM IST
More Topics: Cement | Holcim Ltd | ACC Ltd | Stake | Ambuja Cement |