ACC

ACC Ltd and Ambuja Cements, both Indian units of LafargeHolcim, plan to enter into a master supply agreement for cement, clinker, and raw materials. The agreement includes a 5% discount on average net selling price for cement.

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.

ACC Ltd and Ambuja Cements Ltd, both controlled by LafargeHolcim, announced they are putting their proposed merger on hold due to constraints related to transfer of mines under current laws.

ACC and Ambuja Cements (ACL) dropped plans to merge due to constraints in transferring mining assets across 18-20 states. The merger, proposed in May 2017, would have created a combined capacity of 63 million tons.

The Board of Directors of ACC decided to commence an evaluation of a potential merger with Ambuja Cement. Both companies are part of the LafargeHolcim group. No decision to merge has been taken yet.

ACC Limited and Ambuja Cements, both Indian units of LafargeHolcim, have decided to explore a possible merger. If completed, the combined entity would become the second-largest cement manufacturer in India with a production capacity of 63 million tonnes per annum.

ACC Ltd and Ambuja Cements Ltd, both part of LafargeHolcim Group, have agreed to start evaluating a potential merger to combine their strengths.

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.

LafargeHolcim's subsidiary Holderind Investments increased its stake in Indian cement firms Ambuja Cement and ACC Ltd for around $317 million.