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News UltraTech Cement acquires stake in Star Cement

UltraTech Cement acquires stake in Star Cement

Written by Global Cement staff 02 January 2025
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India: UltraTech Cement has acquired an 8.69% stake in Star Cement for US$99m, at US$2.74/share. According to The Hindu Businessline, this minority stake acquisition could lead to UltraTech Cement eventually buying out Star Cement entirely, similar to its previous acquisition of India Cements on 20 December 2024.

Last modified on 08 January 2025
Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Star Cement
  • Acquisition
  • Stake
  • GCW691

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