News > Race to acquire Holcim stake in Ambuja-ACC combine hots up

Race to acquire Holcim stake in Ambuja-ACC combine hots up

The Hindu Business Line | 25/04/2022 09:32 PM | Click to read full article

The race for acquiring the controlling stake of Holcim Group in the Ambuja Cements-ACC combine is getting hotter by the day with UltraTech Cement, too, throwing its hat in the ring.

Other cement producers JSW Cement, Adani Cement, and Shree Cement have already completed the first round of discussion with Holcim and waiting for a formal announcement on the sale by Holcim Group, which entered India with high hopes.