UltraTech Cement to buy 8.69% stake in Star Cement for Rs 851 crore

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UltraTech Cement has approved acquiring around 8.69% stake in Star Cement for up to Rs 851 crore. UltraTech’s board agreed to purchase up to 3.70 crore shares at ₹235 per share plus additional charges. Previous rumors about Ambuja Cement acquiring Star Cement were denied as speculative.

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UltraTech Cement to buy 8.69% stake in Star Cement for Rs 851 crore

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