UltraTech to acquire minority stake in Star Cement
Mint New Delhi|December 28, 2024
Leading cement producer UltraTech Cement on Friday said it will acquire a minority stake of 8.69% from the promoters of Meghalaya-based Star Cement in a deal worth up to ₹851 crore.
PTI

UltraTech Cement on Friday said it will acquire a minority stake of 8.69% from the promoters of Meghalaya-based Star Cement in a deal worth up to ₹851 crore.

UltraTech Cement will buy pick up stakes from Rajendra Chamaria and his family's holdings, part of the promoter group, people aware about the development told PTI.

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