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News Star Cement restructures wholly owned subsidiaries

Star Cement restructures wholly owned subsidiaries

Written by Global Gypsum staff 06 February 2023
  • Print

India: The board of directors of Star Cement has approved the sale of shares in two of its subsidiaries to a third subsidiary, Star Cement Meghalaya. Star Cement Meghalaya will acquire 40% stakes in Meghalaya-based Star Cement (I) and Assam-based Star Cement North East.

Neither Star Cement (I) nor Star Cement North East has yet to commence cement production. Parent company Star Cement is currently building two new grinding plants in Northeast India, where it is the market leader. The group also announced plans for a new 3Mt/yr clinker line in June 2022.

Published in Global Cement News
Tagged under
  • India
  • Star Cement
  • Star Cement (I)
  • Star Cement North East
  • restructuring
  • Stake
  • Shares
  • Star Cement Meghalaya
  • Assam
  • Meghalaya

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