MoneyWorks4Me

Star Cement gets nod to buyback 1.62% stake for Rs 102 crore

24 Jun 2019 Evaluate

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.

Peers
Company Name CMP
Ultratech Cement 10928.00
Ambuja Cements 362.90
ACC 1186.95
Shree Cement 22455.20
Dalmia Bharat 1683.85
View more..