Ultratech Cement Ltd.

BSE: 532538 | NSE: ULTRACEMCO
Large Cap | Cement & Construction Materials
12372.55
115.60 (0.94%)
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UltraTech Cement rises on getting nod to acquire non-controlling minority stake in Star Cement

Date: 27-12-2024

UltraTech Cement is currently trading at Rs. 11517.65, up by 60.35 points or 0.53% from its previous closing of Rs. 11457.30 on the BSE.

The scrip opened at Rs. 11594.85 and has touched a high and low of Rs. 11594.85 and Rs. 11454.00 respectively. So far 900 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 12143.90 on 16-Dec-2024 and a 52 week low of Rs. 9250.10 on 19-Apr-2024.

Last one week high and low of the scrip stood at Rs. 11594.85 and Rs. 11349.00 respectively. The current market cap of the company is Rs. 333423.16 crore.

The promoters holding in the company stood at 59.99%, while Institutions and Non-Institutions held 32.10% and 7.41% respectively.

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.