ACC Limited — JV/Acquisition, 22-12-2025: Amalgamation/Merger

Ambuja Cements and ACC Limited will merge to drive growth, operational efficiencies, and unlock significant business synergies. The move aims to unify manufacturing, optimize resource allocation, and streamline the group structure, boosting profitability and shareholder value. ACC public shareholders will receive 328 Ambuja shares (FV Rs 2) for every 100 ACC shares (FV Rs 10). This exchange creates a larger public float for Ambuja, with existing Ambuja shareholders experiencing some dilution. The merger awaits statutory approvals.