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News Ambuja Cements creates non-disposable undertaking on part of ACC stake

Ambuja Cements creates non-disposable undertaking on part of ACC stake

Written by Global Cement staff 30 September 2022
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India: Ambuja Cements says that it has created a non-disposable undertaking (NDU) on more than half of its 50% stake in fellow Adani Group subsidiary ACC. The Telegraph newspaper has reported that the producer intends to use the NDU as collateral for its loans.

Last modified on 05 October 2022
Published in Global Cement News
Tagged under
  • Adani Group
  • Adani Cement
  • India
  • Ambuja Cements
  • ACC
  • Finance
  • Loan
  • Debts
  • GCW577
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