Brief: Ultratech Cement To Acquire Minority Stake In Star Cement
Dec 27 (Reuters) - UltraTech Cement Ltd ULTC.NS :
* STAR CEMENT PROMOTERS PROPOSE TO SELL EQUITY HOLDING
* TO ACQUIRE MINORITY STAKE IN STAR CEMENT
* ACQUISITION COST NOT TO EXCEED 8.51 BILLION RUPEES
* TO ACQUIRE 8.69% OF STAR CEMENT
Source text: ID:nBSE22C5GS
Further company coverage: ULTC.NS
((Reuters.Briefs@thomsonreuters.com;;))
Recent news on Star Cement
See all newsBrief: Star Cement Declared Preferred Bidder For Mining Lease In Assam
Brief: Star Cement Unit Acquires 100% Shareholding Of Jaitaran Renewable Power
Brief: Star Cement Commences Production At New 2.0 MTPA Unit In Assam
Brief: Star Cement Dec-Quarter Consol Net Profit 749.2 Million Rupees
Brief: Star Cement To Raise Up To 15 Billion Rupees