# 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.

- Type: Acquisition
- Announced: 2017-03-10
- Where: Odisha, India
- Value: $5.80M (386.7M INR)
- Status: completed
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [JSW Cement](https://endata.com/companies/15683.md) (acquirer)
- [ACC](https://endata.com/companies/20080.md) (target)
- [Shiva Cement](https://endata.com/companies/21381.md) (target)

## Sources

- [vccircle.com](https://www.vccircle.com/jsw-cement-buys-acc-s-stake-shiva-cement), 2017-03-10: "ACC sold 23.65 million shares, or a 12.13% stake, at Rs 16.35 apiece in an off-market transaction."

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