# LafargeHolcim raises stake in ACC and Ambuja Cements for $317 million

LafargeHolcim's subsidiary Holderind Investments increased its stake in Indian cement firms Ambuja Cement and ACC Ltd for around $317 million.

- Type: Acquisition
- Announced: 2016-11-16
- Where: India
- Value: $317.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [LafargeHolcim Group](https://endata.com/companies/19905.md) (acquirer)
- [Holderind Investments](https://endata.com/companies/20078.md) (acquirer)
- [Ambuja Cement](https://endata.com/companies/20079.md) (target)
- [ACC](https://endata.com/companies/20080.md) (target)

## Sources

- [dealstreetasia.com](https://www.dealstreetasia.com/stories/58453-58453), 2016-11-16: "LafargeHolcim has announced that its subsidiary Holderind Investments Ltd has increased its stake Indian cement firms– Ambuja Cement Ltd and ACC Ltd for around $317 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.