Andhra Cement Ltd:One more Update:

In 2015, Sagar Cement had started negotiation to acquire ACL. Sagar Cement had offered Rs 20/share. However deal didn't finalize as promoter was asking still higher Valuations.

Since then, valuations of cement plants have gone up substantially

Hence we estimate that now, *Andhra cement deal should take place @ 23+*

As per our information, Shree Cement may clinch the acquisition

TP 50-60 in 12-15 months