Firm looking to raise 2.2 bn pesos from the capital raising exercise.
Firm has recently initiated a cement mill project in Ghana for $30 mm.
Cement maker says earnings increased by half in the first three months of the year.
Performance of cement makers steady in the first three months of the year.
Firm set to issue as much as 51 mm shares.
Firm posted weaker Q1 numbers amid adverse weather conditions and economic recession.
Lower cement prices pulled profits for ACC and Ambuja.
Profits increased even as sales fell during the period.
Firm expects EBITDA to remain steady throughout the year.
Firm posts 12.7% growth during the first three months of the year.
Cement maker has reported 81% fall in earnings in the first three months of the year.
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