India's UltraTech buys stake in Star Cement

India's UltraTech buys stake in Star Cement as Adani rivalry continues
By Hritam Mukherjee and Ashna Teresa Britto (Reuters) -UltraTech India's top cement maker will buy an 8.69% stake in Star Cement, it said on Friday, in a deal worth up to 8.51 billion rupees ($100 million) for a company that rival Adani Group was reportedly interested in acquiring.
UltraTech to acquire minority stake in Star Cement from promoters in ₹851-crore deal
UltraTech Cement acquires 8.69% stake in Star Cement for ₹851 crore, expanding its capacity through strategic acquisitions.
Star Cement shares rose 3% as UltraTech Cement acquires stake in the company
UltraTech Cement acquires 8.69% stake in Star Cement, aiming to strengthen its position as India's largest cement producer.
India's UltraTech buys stake in Star Cement for up to $100 million
India's UltraTech Cement will buy an 8.69% stake in Star Cement , it said on Friday, in a deal that could be valued at up to 8.51 billion rupees ($100 million) and firm its leading position in the sector.
Star Cement Shares Zoom 8% As Ultratech To Buy 8.6% Stake For ₹851 Crore
The cement sector is buzzing with activity today, with stocks like Star Cement and UltraTech Cement in focus. Shares of North East-based Star Cement surged by 7.84%, hitting a high of ₹247.75, following UltraTech Cement's announcement to acquire an 8.
All You Need To Know about Star Cement where UltraTech has bought stake worth ₹851 crore
Promoters of Star Cement currently hold a 66.47% stake in the company with Bhajanka and Chamaria families being the major stakeholders. Sources have told CNBC-TV18 that the Chamaria family is likely to be one of the sellers in the block deal.
UltraTech Cement to acquire 8.6% stake in Star Cement for Rs 851 cr
UltraTech Cement on Friday said its board has approved an investment of Rs 851 crore to pick an 8.6 per cent stake in the Meghalaya based cement maker Star Cement. In its statement to the exchanges, UltraTech said,
Star Cement shares jump 8% on UltraTech stake acquisition announcement
The scrip traded higher than the 5-day, 10-, 20-, 30-, 50-, 100-, 150-day and 200-day simple moving averages (SMAs). The stock's 14-day relative strength index (RSI) came at 63.70. A level below 30 is defined as oversold while a value above 70 is considered overbought.

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