ACC Ltd

Shares of Adani Enterprises witness a fall of 9.50% as investors continue to offload their holdings

ACC will be shifting is financial reporting from calendar year (January to December) to financial year (April to March)

Flagship Adani Enterprises gained 2.8 per cent to end at ₹2,973.90 on the NSE with heavy volumes of over 1.1 crore shares

Govt to focus on infrastructure spending with general election coming soon

Emkay Global

Last month, Adani group announced the completion of the acquisition of Ambuja Cements and ACC for a consideration of $6.5 billion

Adani Group’s pledging 100 per cent of its holdings in Ambuja and ACC to pay $6.4 billion to Holcim had a negative impact

Non-disposal agreement will protect the pledge from being sold

Due to lack of premium, offer ends on September 9

The offer will close on September 9

Profitability is likely to remain under pressure for cement companies

Investors should consider factors such as access to raw materials, cost control efforts, pricing stability, capacity utilisation pricing stability, growth in operational regions, utilisationand leverage potential benefits from upcoming expansion