Page 4 - Acc

Adani-Holcim deal: Analysts expect Ambuja and ACC to merge in medium-term

Adani-Holcim deal: The merger of Ambuja Cement and ACC will help Adani Group rationalise a lot of fixed cost quotients at both these entities, analysts said

No capital gains tax on Ambuja, ACC sale to Adani Group: Holcim CEO

India-Mauritius treaty allows tax exemption on such agreement, says Swiss company's CEO.

ACC, Ambuja to ramp up capacity as Adani vies with UltraTech for top slot

Adani group aiming at 100 mn tonnes per annum combined, from present 70 mn tonnes; both firms to invest with own cash and fresh debt; ACC-Ambuja merger on cards

Sensex snaps 6-day losing run, ends 180 pts up; DMart rallies 10%, ACC 4%

NTPC, Bajaj Finance, Maruti Suzuki, SBI, HDFC, Kotak Bank, M&M, and IndusInd Bank were the top gainers on the Sensex index

Ambuja, ACC gain up to 8% on Adani Group's buyout of Holcims's India biz

The Adani Group announced the acquisition of Swiss cement major Holcim's stake in all its Indian operating entities for $10.5 billion (around Rs 81,361 crore), including the open offers.

US Fed rate hike raises cost of funds for Ambuja Cements bidders

The acquisition is expected to cost around $10 billion (Rs 76,000 crore), including the open offers for the shareholders of both Ambuja Cements and ACC

India cement units are cooperating closely with CCI, says Holcim

Swiss cement major's India units facing cement cartelisation probe

Adani, JSW groups submit non-binding bids to acquire Ambuja Cements

Holcim intends to close the transaction early

Apollo Global Management may lend $1 bn to JSW for Ambuja Cements buy

The group is in talks with several sovereign funds based in west Asia to acquire Ambuja Cements

Indices snap 5-day losing run; Sensex soars 574 pts, tops 57,000; RIL up 3%

CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers

Stocks to Watch: Mindtree, ACC, L&T Infotech, Maruti, AU Bank, IDFC

AU Small Finance Bank may be in focus as the company will consider bonus issue along with results on April 26.

Ambuja Cements-ACC deal likely to propel buyer to No. 2 position

The open offer for ACC will cost the acquirer Rs 10,800 crore, or $1.42 billion

Jay Shah's term as Asian Cricket Council president extended by one year

Shah had taken over the reins of the ACC in January last year from Bangladesh Cricket Board (BCB) president Nazmul Hassan, making him the youngest administrator to be re-appointed as ACC president

Cement firm ACC bags Kannur Limestone Block in Karnataka

Cement maker ACC Ltd on Thursday said it has been declared as successful bidder for Kannur Limestone Block in Karnataka. Through this mining block, the company has secured estimated limestone resources above 250 million tonnes, ACC said in a statement without disclosing its bid amount. This limestone block is in close proximity to the company's existing Wadi cement plant, it added. ACC, a subsidiary of Swiss building material major Holcim group (earlier LafargeHolcim), had participated in an e-auction of the block, located in Kalburgi district of Karnataka. "Department of Mines & Geology, Government of Karnataka has declared ACC as the successful bidder for Kannur, Wadi Area, Limestone Block in the State of Karnataka, ACC said. On Wednesday, ACC had reported a 40.55 per cent decline in its consolidated net profit to Rs 280.85 crore for the quarter ended on December 31, 2021, due to adverse input inflation. Its revenue from operations in October-December 2021 was up 1.95 per cent

Sensex sheds 456pts, Nifty gives up 18,300; Airtel, SBI buck the trend

Stock market LIVE: All sectoral indices barring telecom ended in the the negative zone; Declining stocks out-numbered advancing shares in the ratio 2:1 on the BSE

ACC third quarter net profit increases 24% to about Rs 450 crore

Shares of ACC Ltd on Tuesday settled at Rs 2,245.50 on the BSE, down 2.55 per cent from the previous close.

Switzerland-based Holcim group losing share in Indian cement market

Swiss multinational is now a distant second in the country's cement market, behind Ultratech

Govt approves extension of terms of three MD-CEOs, 10 EDs of PSU banks

Mallikarjuna Rao of PNB, Atul Kumar Goel of UCO Bank and A S Rajeev of Bank of Maharashtra are the three MD-CEOs to have got extensions

ACC shares jump over 7%; hit 52-wk high after earnings announcement

Shares of cement maker ACC Ltd zoomed over 7 per cent to its 52-week high after the company reported an over two-fold jump in consolidated net profit for the second quarter ended June 2021.

ACC surges 7%, hits new high on strong operational performance in Q2

The company's Ebitda (earnings before interest, taxes, depreciation, and amortization) margins expanded 233 basis points (bps) quarter-on-quarter to 22.4 per cent due to higher realisations