Ambuja-Cements, The Cabinet Committee on Economic Affairs, CCEA, Ambuja Cements

The Cabinet Committee on Economic Affairs (CCEA) approved Ambuja Cements Ltd’s planned acquisition of a 24% stake in Holcim India Pvt. Ltd, paving the way for the proposed restructuring of the holding pattern of Holcim’s India units, ACC Ltd and Ambuja Cements Ltd.

“The CCEA approved the proposal of Ambuja Cements Limited for acquisition of 24% shares in its holding company Holcim (India) Private Limited from Holderind Investment Limited and subsequent reverse merger through a share swap. This would entail outflow of Rs.3,500 crore,” a government release said after a cabinet meeting chaired by Prime Minister Narendra Modi.

In a two-stage restructuring announced in July 2013, Ambuja planned to acquire a 24% stake in Holcim India Pvt. Ltd for a cash consideration of Rs.3,500 crore. This was to be followed by a stock merger between Holcim India and Ambuja.

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The Cabinet Committee on Economic Affairs (CCEA) approved Ambuja Cements Ltd’s planned acquisition of a 24% stake in Holcim India Pvt. Ltd, paving the way for the proposed restructuring of the holding pattern of Holcim’s India units, ACC Ltd and Ambuja Cements Ltd. “The CCEA approved the proposal of Ambuja Cements Limited for acquisition of 24% shares in its holding company Holcim (India) Private Limited from Holderind Investment Limited and subsequent reverse merger through a share swap. This would entail outflow of Rs.3,500 crore,” a government release said after a cabinet meeting chaired by Prime Minister Narendra Modi. In a two-stage restructuring announced in July 2013, Ambuja planned to acquire a 24% stake in Holcim India Pvt. Ltd for a cash consideration of Rs.3,500 crore. This was to be followed by a stock merger between Holcim India and Ambuja.

The Cabinet Committee on Economic Affairs (CCEA) approved Ambuja Cements Ltd’s planned acquisition of a 24% stake in Holcim India Pvt. Ltd, paving the way for the proposed restructuring of the holding pattern of Holcim’s India units, ACC Ltd and Ambuja Cements Ltd.

“The CCEA approved the proposal of Ambuja Cements Limited for acquisition of 24% shares in its holding company Holcim (India) Private Limited from Holderind Investment Limited and subsequent reverse merger through a share swap. This would entail outflow of Rs.3,500 crore,” a government release said after a cabinet meeting chaired by Prime Minister Narendra Modi.

In a two-stage restructuring announced in July 2013, Ambuja planned to acquire a 24% stake in Holcim India Pvt. Ltd for a cash consideration of Rs.3,500 crore. This was to be followed by a stock merger between Holcim India and Ambuja.

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