◂ Announcements

Mar 10, 2017ACQUISITIONOdisha, India

JSW Cement buys ACC's stake in Shiva Cement

JSW Cement Ltd bought ACC Ltd's entire 12.13% stake in Shiva Cement Ltd for Rs 38.67 crore ($5.8 million) in an off-market transaction, following a prior agreement to buy a 35.6% stake from promoters.

Value

$5.80M (386.7M INR)

Status

Completed

Productscement

CompaniesJSW Cement acquirer ACC target Shiva Cement target

Sectors#Construction Materials

“ACC sold 23.65 million shares, or a 12.13% stake, at Rs 16.35 apiece in an off-market transaction.”vccircle.com

1 source
vccircle.comJSW Cement buys ACC’s stake in Shiva CementTEAM VCCMar 10, 2017

Summarized from public sources; check the original articles before acting on it.

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JSW Cement buys ACC's stake in Shiva Cement · Endata