UltraTech Cement gets nod to acquire non-controlling minority stake in Star Cement

Ultratech Cement Ltd. | Cement & Construction Materials | Construction & Infrastructure | BSE: 532538 | NSE: ULTRACEMCO

27 Dec 2024 Evaluate

UltraTech Cement has received approval from Board of Directors for making an investment to acquire non-controlling minority stake upto 3.70 crore equity shares of Star Cement at a price not exceeding Rs 235 per share, excluding STT; stamp duty and other levies.

The Board of Directors of the Company at its meeting held on December 27, 2024 considered the proposal and approved the same.

UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.

Peers

Company Name	CMP
Ultratech Cement	11187.70
Ambuja Cements	392.50
ACC	1251.40
Shree Cement	22314.55
Dalmia Bharat	1743.45
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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