Cabinet approves proposal of M/s. Ambuja Cements Limited for acquisition of 24% shares in its holding company-Holcim (India) Private Limited

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..... Cabinet approves proposal of M/s. Ambuja Cements Limited for acquisition of 24% shares in its holding company-Holcim (India) Private Limited
News and Press Release
Dated:- 21-7-2016

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..... Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal for M/s. Ambuja Cements Limited for acquisition of 24% shares in its holding company- .....

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..... Holcim (India) Private Limited from M/s. Holderind Investment Limited and subsequent reverse merger through a share swap. This would entail outflow of ₹ 3500 crore. These transactions would ena .....

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..... ble Lafarge Holcim group to create a linear corporate structure (with Ambuja and ACC becoming parent and subsidiary) with a view to harvest significant synergies from India operations. This will furth .....

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..... er strengthen all India footprints, debt free balance sheet and cash flow generation, bringing in huge prospects for further expansion and creation of employment opportunities.
News - Press releas .....

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..... e - PIB .....

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