BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
News articles indicate that Holderind Investments is planning to exit Indian operations and is evaluating a stake sale option in ACEM.
Holcim holds 63.19% in ACEM and 4.48% in ACC Ltd., which is a subsidiary of ACEM as the latter holds 50.05% stake in ACC.
Holcim has a global cement capacity of 293 metric tonnes per annum as of CY21 with India representing ~24% of its total capacities.
ACEM has a grinding capacity of 31.4mtpa and plans to expand the capacity to 39.9 metric tonnes per annum by CY24E (it recently announced capacity expansion plans in the East region).
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