Star Cement has received approval to buyback upto 68 lakh fully paid-up equity share of Re 1 each of the Company (representing 1.62% of the total equity capital) from all the Equity shareholders of the Company, at a price of Rs 150 per share payable in cash for an aggregate consideration not exceeding Rs 102 crore. The Board of Directors of the Company at its meeting held on June 21, 2019 has approved the same.
Star Cement is engaged in cement manufacturing in north east India. The company’s product range includes clinker and cement.
