Now more Swedish cement on Indian soil
Swedish cement maker Holcim, the world’s second-largest cement maker after Lafarge, bought an additional 3.6% stake in Gujarat Ambuja Cements (GACL) to add to its existing 14.8% holding, taking the total holding to 18.4%. The Swiss cement maker bought about 50 million shares from the founders of GACL at Rs.138.65 a share, valuing the stake at Rs.6.85 billion ($153.3 million). The promoters of GACL – Sekhsaria family, sold the shares to Mauritius-based Holcim’s subsidiary, Holderind Investments. Holcim had acquired 14.8% stake in GACL from the promoters in January this year when it bought a majority stake in GACL.
To read more on IIPM Editorial Article, please click here...,
Please also visit IIPM Publications, Arindam Chaudhuri Initiative, Business & Economy; Source : IIPM, 4Ps, B&E
To read more on IIPM Editorial Article, please click here...,
Please also visit IIPM Publications, Arindam Chaudhuri Initiative, Business & Economy; Source : IIPM, 4Ps, B&E

