ACC Acquires Remaining 55% Stake in ACCPL at an Enterprise Value of Rs 775 Cr!

Economy Business

As per the company, the enterprise value includes cash and cash equivalent of Rs 35 crore. The entire acquisition is funded through internal accruals. The company stated that the complete acquisition will bolster the market leadership of ACC as well as Ambuja Cements in the North India market.ACC shares were last seen trading 1.30 per cent lower at Rs 2,346.40. At this price, the stock has slipped 4.71 per cent in a year.This move will enhance ACC’s cement capacity and progress on the overall target of 140 MTPA capacity of Adani’s cement business by 2028 from the current 77.40 MTPA.


      Prior to the acquisition, ACC Ltd held a 45% stake in ACCPL.

      With this acquisition, ACC Ltd will add 2.8 million to its existing cement production capacity, taking it to a total of 38.55 million tonnes per annum (MTPA)

     

 

     


about ACC:

Owner: Adani Group
CEO: Sridhar Balakrishnan
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