Star Cement shares jump 8% as UltraTech to pick 8.69% stake
Shares of Star Cement rallied 8% to Rs 247.75 on the BSE on Friday after Aditya Birla Group company UltraTech announced it is buying approximately an 8.69% stake in Star Cement for about Rs 851 crore. “The Board of Directors of the Company at its meeting held today considered the proposal and approved making an…
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Star Cement shares surge over 13% on reports of potential acquisition by Adani-led Ambuja Cement
Shares of Star Cement climbed as much as 13.6% on Wednesday to Rs 222.9 on the BSE following media reports that Adani Groupβs unit Ambuja Cement is in talks to acquire the cement maker as a part of its expansion strategy. The deal, which is still under evaluation, has yet to be formally confirmed, though…
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