LafargeHolcim raises stake in Indian firms

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

Quarry Products / November 18, 2016

8161 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 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.

For more information on companies in this article

Holcim