ACC has divested its non-operational wholly-owned subsidiary, National Limestone Company, to NG Ghadiya Group.
ACC executed a share purchase agreement (SPA) with NG Ghadiya Group on November 18, 2020. The transaction is anticipated to close in subsequent 4 weeks from signing of the SPA.
ACC has received a attention of Rs. 20 crore from the disposal.
NG Ghadiya Group is engaged in the business of construction and mining.
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