UltraTech Cement to acquire 8.6% stake in Star Cement for Rs 851 cr

Quick Summary:

In 12 months, UltraTech and its closest rival, Adani-promoted Ambuja Cements, have been on an acquisition spree.

Star Cement will add to UltraTech’s indirect exposure to India’s eastern markets.

On its own, UltraTech operates 30.7 MTPA capacity in this region, with plans to take it to 41 MTPA by FY27.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: India

Topics: UltraTech Cement Star Cement Cement industry Ambuja Cements

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 11:36:35 (18 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 353 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24686745

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 271 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions