The world's leading cement company Holcim Limited is preparing to wrap its business from India. Holcim Limited is churning the names of some potential buyers for the sale of its business in India. Apart from Adani Group, JSW is also included in the list of potential buyers.According to the report of news agency Reuters, talks have been held in the initial phase, so that their interest level can be ascertained. Holcim has denied any statement on this entire matter. At the same time, there was no immediate talk about this with Ambuja Cement.Let us tell you that Holcim holds 63.1 percent stake in Ambuja Cement of India, which has a market value of about $ 9.6 billion. Apart from Ambuja, ACC Cement also comes under Holcim Limited. ACC is a subsidiary of Ambuja.
What is the share price: Talking about the share price of Ambuja Cement, it is Rs 369.40 with an increase of 2.64 percent. At the same time, if we talk about the market capital, then it is Rs 73,349.73 crore. Apart from this, if we talk about ACC, then the share price is Rs 2207.15 with an increase of 1.16 percent.
Talking about the market capital, it is Rs 41,450 crore. Analysts at JP Morgan have given a neutral rating on Ambuja Cements with a revised target price of Rs 380.