Securities and Exchange Board of India has observed that the two-step restructuring of Ambuja Cements and Holcim group was interdependent and ruled that both legs have to be approved by majority of the shareholders.
In an interview to CNBC-TV18, Mihir Jhaveri, Religare Capital Markets speaks on the impact on Ambuja Cements and ACC on the back of the Holcim deal. He expects the stocks to underperform in the near-term.
ITC | Maruti Suzuki | ACC | Ambuja Cements | Elder Pharma | Wockhardt | Diamond Power | Hero MotoCorp | Cairn India | Novartis India and Central Bank of India are stocks, which are in the news today.