These shares constitute about 11 per cent of the cement major's equity. The bidding process for 1.25 million shares of paints company Snowcem, too, received just two bids, according to sources close to the development.
On the Bombay Stock Exchange (BSE), the ACC stock hit a high of Rs 217.20 in intra-day trades before closing at Rs 213, up 0.85 per cent. More than 2.38 million ACC shares were traded on the BSE.
The special court, after ascertaining the highest offer, will give an opportunity to the ACC management to buy back the shares as a
