Switzerland's HOLCIM has made a non-hostile takeover bid for Indian company GACL - GUJARAT MABUJA CEMENTS LTD. HOLCIM already has a 14.8% stake in GACL, acquired for around $477 mil from the company that set up GACL, and is bidding $560 mil for a further 20% stake. This would make HOLCIM the biggest cement company on the Indian market.