LafargeHolcim subsidiary Holderind Investments has increased its shareholding in Ambuja Cement to 63.11% of total Ambuja shares; and in ACC, a subsidiary of Ambuja, to 4.48%% of total ACC shares.
India has long been one of LafargeHolcim’s major markets with “long term fundamentals and a clear potential for further improvement in business performance”, the company says.
“These share purchases further increase the group’s interest in its two strong companies which constitute a solid platform from which
India has long been one of LafargeHolcim’s major markets with “long term fundamentals and a clear potential for further improvement in business performance”, the company says.
“These share purchases further increase the group’s interest in its two strong companies which constitute a solid platform from which to capture future growth,” LafargeHolcim said in a stataement.
LafargeHolcim is one of India’s largest building materials companies with a 60 million tonne capacity.
