Star Cement share price rises 4% as UltraTech announces picking up stake


Stock Market Today: Star Cement share price gained up to 4% in morning trades on Friday as UltraTech announced buying a stake in the company.

Ultratech Cement in its release on the exchanges on 27 December announced that its Board of directors has approved buying stakes

The Board of Directors of the Company at its meeting held today considered the proposal and approved making an investment to acquire non-controlling minority stake upto 3.70 crores equity shares of Star Cement at a price not exceeding Rs. 235/- per share, excluding STT; stamp duty and other levies.



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