Ambuja Cement merged with Holcim (India) Pvt. Ltd

Cement maker ACC announced that the merger of Ambuja Cements and Holcim (India) Pvt. Ltd will be effective from August 12, 2016.“Scheme of Amalgamation between Ambuja Cements and HIPL and their shareholders and creditors which provides for the amalgamation of HIPL into Ambuja and dissolution of HIPL without winding up is effective from August 12, 2016,” the company said in a statement.