# ACC acquires 55% stake in Asian Concretes and Cements for ₹775 crore

ACC Limited, a subsidiary of Ambuja Cements, acquired a 55% stake in Asian Concretes and Cements Private Limited (ACCPL) for an enterprise value of ₹775 crore, fully funded through internal accruals. The remaining 45% was also acquired from the existing promoter, giving ACC full ownership. ACCPL and its subsidiary have a combined cement capacity of 2.8 MTPA.

- Type: Acquisition
- Announced: 2024-01-08
- Where: Nalagarh, Himachal Pradesh; Rajpura, Punjab, India
- Value: $93.0M (7.75B INR)
- Status: completed
- Capacity: 2.8 MTPA
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Ambuja Cements](https://endata.com/companies/15069.md) (partner)
- [ACC](https://endata.com/companies/20080.md) (acquirer)
- [Asian Concretes and Cements](https://endata.com/companies/74816.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/markets/acc-acquires-55-stake-in-asian-concretes-and-cements/article67718329.ece), 2024-01-08: "With this acquisition, we are furthering our growth trajectory, enriching our portfolio, and continuing to accelerate our journey towards value creation for all our stakeholders."
- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/adani-owned-acc-to-acquire-asian-concretes-and-cements-in-rs-426-crore-deal/articleshow/106623592.cms), 2024-01-08: "Cost of acquisition is Rs. 425.96 crores for 55% equity stake."

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