The Securities and Exchange Board of India (Sebi) is looking into the complaints in the multi-layered deal involving Swiss cement giant Holcim and its Indian subsidiaries Ambuja Cement and ACC.
Market regulator Sebi is looking into complaints that a multi-layered deal proposed by Swiss giant Holcim for its two Indian units Ambuja Cements and ACC ; has been structured in a way that could give undue benefits to promoters at the cost of minority shareholders.
Also read: Holcim-Ambuja deal: Brokerages analyse who is a winner
Besides, as part of the process, Holcim India's over 50 percent stake in ACC will go to Ambuja. Holcim's stake in Ambuja would rise to 61.39 percent, from a little over 50 percent, after merger of Holcim India with Ambuja.
READ MORE ON sebi, market regulator, holcim deal, ambuja, acc, cement companies, minority shareholders
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