Life Insurance Corporation of India (LIC) has raised its shareholding in ACC Limited, a leading cement manufacturer, to 8.582%. The exact details of the transaction, including the number of shares acquired and purchase price, were not disclosed. This move is part of LIC's ongoing investment strategy and indicates its continued interest in the cement sector. ACC Limited is a subsidiary of Ambuja Cements Ltd and part of the Adani Group.
24Apr 25
ACC Ltd: Record Q4 Sales Volume, Revenue Growth, and Dividend Declaration
ACC Limited achieved its highest-ever quarterly sales volume of 11.9 million tonnes, up 14% year-over-year. Revenue increased by 12% to ₹5,948.50 crore. However, net profit slightly decreased by 1.7% to ₹735.00 crore. The company declared a dividend of ₹7.50 per share for FY 2024-25.