Holcim will increase its shareholding in Ambuja to 61.39 percent from the current stake of just over 50 percent, the Zurich-based firm added. Ambuja Cements will issue 58.4 crore shares to Holcim in a proposed merger swap ratio of 6.6 Ambuja shares for 1 ACC share.
first published: Jul 25, 2013 09:51 am
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