Ambuja Cements merger boosts shares, ACC lags behind
after close1 source ↓written by the desknot a recommendation
- a capacity
- 107 million tonnes per annum
Ambuja Cements shares rose for the second consecutive session on 24 Dec, following the approval of the merger with ACC and Orient Cement. The combined entity will have a capacity of 107 million tonnes per annum. Analysts expect cost savings of at least ₹100 per tonne from operational synergies, though share swap ratios are seen as neutral for ACC minority shareholders.
Not investment advice. For informational purposes only.