Swiss cement company Holcim has acquired an additional 3 per cent stake in
ACC Ltd, which takes its entire stake in the Indian cement manufacturer to over
41 per cent.
bought 60 lakh shares through bulk deals, paying Rs900 per share from a clutch
of domestic and foreign investors, according to the National Stock Exchange filings.
into ACC when it acquired majority stake in Ambuja Cements India. The company
had made an open offer at Rs370 per share of ACC in 2005, hoping to take its shareholding
to over 51 per cent. As on March 31, 2007, Holcim through its holding arm Holderind
as well as though Ambuja Cements India in which it owns majority stake, had a
stake of more than 38 per cent in ACC. Holcim also holds close to 30 per cent
stake in Ambuja Cements Ltd (earlier Gujarat Ambuja Cements Ltd).