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
Set email alert for
ADS BY GOOGLE
video of the day
See new highs this fiscal; near term clouded: Nilesh Shah