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Star Cement acquires balance stake in Meghalaya Power

25 Mar 2021 Evaluate

Star Cement has acquired balance 83,94,000 equity shares of Rs 10 each of Meghalaya Power which entailed the Company to increase its stake to 1,71,30,620 Equity Shares of Rs 10 each (i.e., 100%) and the said Meghalaya Power became a Wholly Owned Subsidiary of the Company.

Star Cement is the largest cement manufacturer in north east India. The brand Star Cement has established itself as the most accredited brand of the region on grounds of both quality and fair pricing.

Peers
Company Name CMP
Ultratech Cement 11100.00
Ambuja Cements 384.75
ACC 1236.65
Shree Cement 22342.90
Dalmia Bharat 1698.10
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