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Adani's ACC acquires full stake in ACCPL
Mint Mumbai
|January 09, 2024
ACC Ltd, a subsidiary of Adani-owned Ambuja Cement Ltd, on Monday said it has acquired the remaining 55% stake in Asian Concretes and Cements Private Ltd (ACCPL) for $425.96 crore.
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This deal, funded entirely by internal accruals, brings ACC's ownership of ACCPL to 100%, with the total enterprise value of the acquisition at 775 crore, inclusive of 35 crore in cash and equivalent, the company said in a filing with the stock exchanges.
This story is from the January 09, 2024 edition of Mint Mumbai.
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