Merger buzz is rising in the market of Lafarge Holcim considering a merger of ACC and Ambuja Cements. Both Ambuja and ACC stock have risen on the news - ACC stock had been tempered before the merger buzz due to weak Q3 results, that showed a 6.13% fall in its income compared to last year's Q3.
LafargeHoclim holds a 63% stake in Ambuja Cements and 50% stake in ACC, and has been considering a merger to improve scale and operational efficiency.