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Holcim will increase its shareholding in Ambuja Cements Ltd. to 61.39% through an intragroup restructuring. Ambuja will acquire Holcim's 50.01% stake in ACC Ltd. The deal involves a cash consideration of INR 35,000 million (USD ~600 million) and a stock merger. Holcim also commits to the Marwar Mundwa expansion project in North-Central India with 4.5 MTPA capacity.
“Holcintends to streamline the ownership structure of its operations in India in order to strengthen the existing platform and create value for all stakeholders.”holcim.com
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