COMPANY NEWS


ACC Ltd
BSE Code 500410 ISIN Demat INE012A01025 Book Value (₹) 853.19 NSE Symbol ACC Div & Yield % 0.3 Market Cap ( Cr.) 47,405.02 P/E * 22.32 EPS * 113.12 Face Value (₹) 10
* Profit to Earning Ratio
* Earning Per Share
ACC acquires balance 55% stake in Asian Concretes and Cements Back
(08 Jan 2024)
ACC announced the acquisition of the remaining 55% stake in Asian Concretes and Cements (ACCPL) from its existing promoter at an enterprise value of Rs. 775 crore resulting in entire ownership of ACCPL. The EV includes cash & cash equivalent of Rs. 35 crore.

ACCPL has 1.3 MTPA cement capacity in Nalagarh (Himachal Pradesh), while its subsidiary Asian Fine Cements (AFCPL) has 1.5 MTPA cement capacity in Rajpura (Punjab).

Entire acquisition is funded through internal accruals and will help ACC & its parent company Ambuja to further bolster market leadership in the lucrative North India market.