ACC and Ambuja Cement to pursue synergy arrangement instead of merger

ACC and Ambuja Cement, LafargeHolcim's Indian subsidiaries, have decided not to proceed with a merger but will instead work on an arrangement for mutual purchase and sale of materials and services. The proposal will go to shareholders for approval.

“The board is of the opinion that there are at present certain constraints in implementing a merger between the company and ACL.”worldcement.com

• 1 source
• worldcement.comACC and Ambuja not proceeding with merger | World CementJonathan RowlandFeb 28, 2018

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