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ACC Limited (incorporated in 1936), a member of the Adani Group, is principally engaged in the business of manufacturing and selling of Cement and Ready Mix Concrete. The Company has manufacturing facilities across India and caters mainly to the domestic market.
ACC Limited has announced the acquisition of a 26% equity stake in Amplus Andhra Power Private Limited for approximately ₹5.31 Cr. This strategic investment boosts ACC's energy self-sufficiency, allowing it to off-take electricity from Amplus Andhra's renewable energy projects for captive consumption. Amplus Andhra Power, an Infrastructure and Renewable Energy...
ACC Limited and Ambuja Cements Limited have received 'no adverse observations' from BSE and 'no objection' from NSE for their proposed amalgamation. This marks a key regulatory clearance for combining the two cement companies. The scheme now proceeds to secure approvals from shareholders, creditors, and the National Company Law Tribunal...
Ambuja Cements and ACC Limited will merge to drive growth, operational efficiencies, and unlock significant business synergies. The move aims to unify manufacturing, optimize resource allocation, and streamline the group structure, boosting profitability and shareholder value. ACC public shareholders will receive 328 Ambuja shares (FV Rs 2) for every 100...