Ultratech to Buy Minority Stake in Star Cement
Hindustan Times Ranchi|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.
Press Trust of India

NEW DELHI/KOLKATA:

UltraTech Cement will pick up stakes from Rajendra Chamaria and his family's holdings, part of the promoter group, people familiar with the matter said.

Only the Chamaria family is selling its stake in the company, while other promoters who control Century Ply remain committed and are not divesting any shares, the people said.

Rajendra Chamaria, when asked for comments, did not deny the development but refrained from divulging further details.

Bu hikaye Hindustan Times Ranchi dergisinin December 28, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Hindustan Times Ranchi dergisinin December 28, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

HINDUSTAN TIMES RANCHI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Hindustan Times Ranchi

Aubrey's husband, director Jeff Baena, dies by suicide

Actor-comedian Aubrey Plaza is mourning the loss of her husband, director Jeff Baena, who died at the age of 47.

time-read
1 min  |
January 06, 2025
Hindustan Times Ranchi

Sparks of Trouble for Coldplay Gujarat gig!

Ahead of its highly anticipated India tour, British rock band Coldplay is making headlines again!

time-read
1 min  |
January 06, 2025
Hindustan Times Ranchi

It's frustrating but you have to respect your body: Bumrah

Laid low by a back spasm, Jasprit Bumrah was frustrated at missing out on bowling on the \"spiciest wicket of the series,\" but the premier India pacer emphasized that sometimes it becomes imperative for a player to respect his body.

time-read
2 dak  |
January 06, 2025
Hindustan Times Ranchi

Australia knock rudderless India out of WTC final; reclaim BGT

A listless India was knocked out of the World Test Championship (WTC) final as Australia cruised to a six-wicket victory in the fifth Test here on Sunday to reclaim the Border-Gavaskar Trophy after 10 years, leaving the visitors with much to deliberate in a difficult transition phase made worse by over-the-hill batting stars.

time-read
6 dak  |
January 06, 2025
Hindustan Times Ranchi

Sabalenka Warms Up For Aus Open With Brisbane Win

World number one Aryna Sabalenka enjoyed the perfect warm-up for next week's Australian Open when she downed Russian qualifier Polina Kudermetova to win the Brisbane International on Sunday.

time-read
1 min  |
January 06, 2025
Hindustan Times Ranchi

Gavaskar Upset After Not Invited To Present BGT With Border

The legendary Sunil Gavaskar on Sunday expressed his displeasure after not being invited to present the trophy, named after him and Allan Border, to Australia following their win over India in the high-voltage five-match rubber.

time-read
1 min  |
January 06, 2025
Hindustan Times Ranchi

Gauff beats Swiatek, USA down Poland in United Cup

Coco Gauff roared past Iga Swiatek to inspire team USA Sunday before Taylor Fritz sealed the United Cup title with victory over Poland's Hubert Hurkacz in Sydney.

time-read
1 min  |
January 06, 2025
Hindustan Times Ranchi

FMCG cos expect inflation to hit volume growth in Q3

Hit by inflation, higher input costs and pricing measures, fast-moving consumer goods companies are expected to see a contraction in their gross margin and a modest-to-flat operating profit in the October-December quarter.

time-read
2 dak  |
January 06, 2025
Hindustan Times Ranchi

Osaka Retires With Injury From Aus Open Warm-Up

Naomi Osaka retired from the final of the Auckland Classic with an abdominal injury Sunday, a blow to the Japanese star just a week before the start of the Australian Open.

time-read
1 min  |
January 06, 2025
Hindustan Times Ranchi

Nippon Takeover Block Creates Uncertainty for US Workers

The Decision Reflects a Growing Bipartisan Shift Away From Free Trade and Open Investment

time-read
1 min  |
January 06, 2025