Asian Concretes acquired by ACC for Rs 775 crore
Adani group-owned cement maker ACC Limited has acquired, Asian Concretes and Cements Private Limited. As per the update, ACC acquired the remaining 55 percent stake - valued at Rs 425.96 crores - in the company, in a deal that clocked an enterprise value of Rs 775 crore.
ACCPL has a 1.3 MTPA cement capacity in Nalagarh, Himachal Pradesh, while its subsidiary Asian Fine Cements Pvt Ltd (AFCPL) has a 1.5 MTPA cement capacity in Rajpura, Punjab.
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