ACC Ltd to sell National Limestone Company Pvt Ltd

ACC Limited ('the Company') has entered into a Share Purchase Agreement ('SPA') with M/s N.G. Ghadiya Group ('Acquirer'/'Buyer') to divest National Limestone Company Private Limited ('National'), a wholly owned subsidiary of the Company, which is currently non-operational.

The consideration to be received for the above sale is Rs. 20 Crores (Rupees Twenty crores only).

M/s N.G. Ghadiya Buildcon Private Limited / N. G. Ghadiya Group is the buyer and engaged in the business of construction, mining.

Shares of ACC LTD. was last trading in BSE at Rs.1684.65 as compared to the previous close of Rs. 1691.5. The total number of shares traded during the day was 54817 in over 2736 trades.

The stock hit an intraday high of Rs. 1708.6 and intraday low of 1673.45. The net turnover during the day was Rs. 92950989.

Source : Equity Bulls

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