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ACC Limited (Formerly The Associated Cement Companies Limited) is an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group . On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited.
Using the BR scam, Mehta took the price of ACC from ₹200 to ₹9000 in a short span of time. This 4400% percent increase was seen in several other stocks and as he sold the stocks, the market crashed. [8] This went on as long as the stock prices kept going up, and no one had a clue about Mehta's operations.
On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets, and listed its stakes in Ambuja Cements and ACC for sale. [7] On May 15, 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion. [8]
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NIFTY 500 is India’s first broad-based stock market index of the Indian stock market. [1] It contains top 500 listed companies on the NSE. The NIFTY 500 index represents about 96.1% of free float market capitalization and about 96.5% of the total turnover on the National Stock Exchange ().
In 2004, ACC became a public company via an initial public offering on the New York Stock Exchange, becoming the first publicly traded student housing company in the United States. [ 6 ] In 2005, the company worked with Arizona State University (ASU) on the Vista del Sol community, to pioneer the American Campus Equity program, an ownership ...
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