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Star Cement informs about acquisition of equity shares in subsidiary company

25 Mar 2021 Evaluate

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, Star Cement has informed that the Company have purchased balance 8,394,000 Equity Shares of Rs 10 each of Meghalaya Power which entailed the Company to increase its stake to 17,130,620 Equity Shares of Rs 10 each (i.e., 100%) and the said Meghalaya Power became a Wholly Owned Subsidiary of the Company.

The above information is a part of company’s filings submitted to BSE.

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