ACC Acquires Asian Concretes & Cements at an Enterprise Value of Rs 775 Cr

Ahmedabad, Jan 8, 2024: ACC Limited, subsidiary of Ambuja Cements Limited on Monday announced the successful acquisition of the remaining 55% stake in ACCPL from its existing promoter at an Enterprise Value of Rs. 775 Cr resulting in entire ownership of ACCPL. ACC was holding 45% stake in Asian Concretes and Cements Private Limited (ACCPL). The EV includes Cash & Cash Equivalent of Rs. 35 Cr.

ACCPL has 1.3 MTPA cement capacity in Nalagarh (Himachal Pradesh), while its subsidiary Asian Fine Cements Pvt Limited (AFCPL) has 1.5 MTPA cement capacity in Rajpura (Punjab).

Entire acquisition is funded through internal accruals.

Ajay Kapur, WTD and CEO, ACC Limited, expressed, “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. This aligns seamlessly with our vision for expansion and serves as a testament to ‘ACC’s Bharosa Atoot’, resonating deeply with our values.