Ambuja seeks shareholders' nod to pay tech fee to Holcim
To pay one per cent of its net annual sales as technology and know-how fee to its Swiss parent Holcim, Ambuja Cements has sought the approval of shareholders, the company said in a statement.
The Board has decided to seek the shareholders' approval in this regard by way good corporate governance practice, although this matter is within the powers of the Board and strictly does not require shareholders' approval, the company said.
Contact: Ambuja Cements.
Tel: 022 - 4066 7000.