Ambuja Cements Limited renews TKH agreement with Holcim

The Board of Directors of Ambuja Cements Limited ("the Company") at its meeting held today, i.e. December 23, 2020, has approved the renewal of the current Technology and Know-How Agreement ('TKH Agreement') with Holcim Technology Limited (HTL) pursuant to which the Company pays TKH fees@ 1 % of net sales each year, to HTL, for a period of 2 years w.e.f. January 01, 2021 on the same terms as the present TKH Agreement.

Shares of AMBUJA CEMENTS LTD. was last trading in BSE at Rs.237.35 as compared to the previous close of Rs. 237.8. The total number of shares traded during the day was 678984 in over 6640 trades.

The stock hit an intraday high of Rs. 238.65 and intraday low of 231.65. The net turnover during the day was Rs. 159534405.

Source : Equity Bulls

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