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These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 26%Just look at developments in the past 48 hours. The war between Iran and Israel resumed, but within hours Tehran said it had halted all off...- Rajesh Exports likely to lose PLI beneficiary status, face MCA probeRajesh Exports faces potential removal from a government battery production incentive scheme. The corporate affairs ministry is considering...
- Adani's cement biz merger may benefit Ambuja shareholders: AnalystsAnalysts view the Adani Group's proposed cement business merger favorably for Ambuja Cements shareholders, simplifying the group structure ...
- Asian Cricket Council reappoints Jay Shah as president for a third termJay Shah's term as the president of the Asian Cricket Council (ACC) has been unanimously extended during the council's Annual General Meeti...
- Adani-owned ACC acquires Asian Concretes and Cements at enterprise value of Rs 775 croreThe Adani Group company already has a 45 percent equity stake in Asian Concretes and Cements, with Monday's deal giving the cement conglome...
- Morgan Stanley remains underweight on both ACC, Ambuja Cements on pricey valuationsAdani's stake in ACC now stands at 56.7 per cent while in Ambuja it is at 63.2 per cent. Following the acquisition, both of the companies h...
- Holcim takes a $5 billion currency cover against Adani deal receivablesThese derivative bets, said to be of shorter maturities, will cover the exchange rate risk on more than $5 billion as and when the acquisit...
- Holcim's $6.4 billion deal with Gautam Adani to be a tax-free transaction?Tax department officials told ET that the deal was unlikely to face capital gains tax if Holcim had acquired the stakes before 2017, when I...
- Adani to become India's No. 2 cement maker with $10.5 billion Holcim dealAdani Group, owned by billionaire Gautam Adani, currently has no cement-making operations but said the firms were a good fit given its port...
- ACC, Ambuja Cements rally after Holcim India dealGautam Adani's group on Sunday said it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 ...
- Holcim's exit may narrow imbalance in cement market, aid pricing powerAmbuja Cement has a grinding capacity of 31.4 million tonnes per annum (mtpa) and plans to expand to 39.9 mtpa by December 2024. ACC has a ...
- Accumulate ACC as a long term bet: Harendra KumarACC has seen a significant run up close to around 40% over the last three months but yet the dividend yield is around 2.5% even at this pri...
- Holcim's India operation restructuring plan gets FIPB nodSources said the complex deal was cleared by the Foreign Investment Promotion Board (FIPB) at its meeting today.
- Ambuja stock lags behind ACC, UltraTech over Holcim dealAnother factor that has resulted in a tepid investor interest in the stock of Ambuja Cements is its geographical presence.
- Deal with Holcim is a win-win situation: Ambuja Cements’ MD Onne van der Weijde"For Ambuja’s minority shareholders this is a fantastic deal. This is an acquisition of ACC at market price and that is very attractive."
- CLSA, BofA-ML downgrade Ambuja Cements as Holcim rejigs India opsTop global brokerage firms, including CLSA and BofA-ML, have downgraded Ambuja Cements a day after Holcim Ltd said it would raise stake in ...
- Ambuja Cements tanks 14% post ACC-Holcim deal; lowest since April 10The proposed deal would imply transfer of nearly all the cash from the books of Ambuja Cements to Holcim & higher stake in combined entity.
- Expect Ambuja to correct by 30-40% in near term: Mangesh Bhadang, Quant Broking"Correction in ACC will be smaller than that in Ambuja."
- Nimbus loses telecast rights of Afro-Asia CupNimbus has lost the right to telecast the upcoming Afro-Asia Cup after it defaulted on the payments to the Asian Cricket Council (ACC). Nim...
- Holcim hikes ACC stake by 3% to 41%Swiss company shells out Rs 529 crore at an average price of Rs 899 per share.
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