ACC Limited held 45 per cent stake in Asian Concretes and Cements Private Limited (ACCPL). The company has announced the successful acquisition of the remaining 55 per cent stake in ACCPL from its existing promoter at an enterprise value of Rs 775 cr, resulting in entire ownership of ACCPL. The EV includes Cash & Cash Equivalent of Rs 35 Cr. ACCPL has 1.3 MTPA cement capacity in Nalagarh (Himachal Pradesh), while its subsidiary Asian Fine Cements Pvt Limited (AFCPL) has 1.5 mtpa cement capacity in Rajpura (Punjab). Entire acquisition is funded through internal accruals and will help ACC and its parent company Ambuja to further bolster market leadership in the lucrative North India market. This strategic move enhances ACC’s cement capacity and progress on overall target of 140 mtpa capacity of Adani’s Cement Business by 2028.