UltraTech Cement Limited (NSEI:ULTRACEMCO) agreed to acquire 8.69% stake in Star Cement Limited (BSE:540575) for INR 8.37 billion on December 27, 2024. A cash consideration valued at INR 235 per share will be paid by UltraTech Cement Limited. The transaction has been approved by the board of UltraTech Cement Limited.
UltraTech Cement Limited (NSEI:ULTRACEMCO) completed the acquisition of 8.69% stake in Star Cement Limited (BSE:540575) in late December, 2024.
Star Cement Limited is an India-based cement company. The Company is engaged in the manufacturing and selling of Cement Clinker and Cement. Its integrated cement plant is based in a location in the idyllic town of Lumshnong in Meghalaya and three grinding units, two at Sonapur near Guwahati, Assam and one at Mohitnagar near Jalpaiguri Town in West Bengal. The Companyâs products include Star Weather Shield Cement, Star Dhalai Master Cement, Star Cement Portland Pozzolana Cement (PPC), and Star Cement Ordinary Portland Cement (OPC). Its Star Cement OPC includes OPC 53 & 43 Grade. Star Cement PPC is a blended cement created by combining OPC clinker with gypsum and pozzolanic materials. The Company also offers comprehensive solutions, including technical and home-building guidance. Its subsidiaries include Star Cement Meghalaya Limited, Star Century Global Cement Private Limited, Star Cement North East Limited, Star Cement (I) Limited, Ri Pnar Cement Private Limited, and others.
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