Home > Cement, Indian Industry News > Indian Industry News: Holcim’s raises stake over 51%

Indian Industry News: Holcim’s raises stake over 51%

The Holcim Group has finally acquired more than 50% stake in its Indian subsidiaries–ACC and Ambuja Cement, reported Financial Express on 05 May 2011. Holcim Group on 29 April 2011, has acquired another 3.562% in Ambuja through open market purchase, increasing its stake in the company from 46.44% to 50.002%. It has also increased its stake in ACC by 0.8% and now holds 50.1%.

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