India's UltraTech buys stake in Star Cement

India's UltraTech buys stake in Star Cement as Adani rivalry continues
By Hritam Mukherjee and Ashna Teresa Britto (Reuters) -UltraTech India's top cement maker will buy an 8.69% stake in Star Cement, it said on Friday, in a deal worth up to 8.51 billion rupees ($100 million) for a company that rival Adani Group was reportedly interested in acquiring.
UltraTech Cement acquires 8.7% stake in Star Cement for Rs 851 crore
UltraTech Cement Ltd has announced the acquisition of an 8.69 percent stake in Star Cement Ltd for Rs 851 crore.
UltraTech Cement To acquire 9% Stake In Star Cement
In an exchange filing, UltraTech Cement said that the shares were acquired at a price of INR 235 per share during the block deal window.
India's UltraTech buys stake in Star Cement for up to $100 million
India's UltraTech Cement will buy an 8.69% stake in Star Cement, it said on Friday, in a deal that could be valued at up to 8.51 billion rupees ($100 million) and firm its leading position in the sector.
On Shopping Spree: After India Cements, UltraTech Cement Takes Rs 851 Cr Stake In This Company
In a BSE filing, Ultra Tech Cement said it has acquired a minority share in Star Cement. UltraTech Acquires Minority Stake In Star Cement: Details In a BSE filing, Ultra Tech said,“The Board of Directors of the Company at its meeting held today considered the proposal and approved making an investment to acquire non-controlling minority stake upto

India, Manmohan Singh

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