Some promoter and promoter group entities of Star Cement Limited, a company incorporated under the Companies Act, 1956, having its registered office at Village Lumshnong, Dist.: East Jaintia Hills, Khaliehriat, Meghalaya - 793210 ("Star Cement"), propose to sell their equity holding in Star Cement and have approached the Company for the same.
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.
Shares of UltraTech Cement Limited was last trading in BSE at Rs. 11400.00 as compared to the previous close of Rs. 11457.30. The total number of shares traded during the day was 4124 in over 1809 trades.
The stock hit an intraday high of Rs. 11594.85 and intraday low of 11375.05. The net turnover during the day was Rs. 47154992.00. |
