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
The development comes three days after the Aditya Birla group firm completed the acquisition of a controlling stake in India Cements Ltd, turning the south-based company into its subsidiary.
UltraTech Cement Expands Footprint with Strategic Acquisition of Star Cement Stake
UltraTech Cement, India's leading cement company, has acquired an 8.69% stake in Meghalaya-based Star Cement for Rs 851 crore. This move strengthens UltraTech's market position amid intensifying competition with Adani Group's Ambuja Cements,
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.
UltraTech Cement Acquires 8.69% Stake in Star Cement, Intensifying Competition with Ambuja Cements
UltraTech Cement has acquired an 8.69% stake in Star Cement for Rs 851 crore, intensifying competition with Ambuja Cements in the cement industry.
UltraTech Cement acquires 8.7% stake in Star Cement for Rs 851 crore
UltraTech Cement Ltd has announced the acquisition of an 8.69 percent stake in Star Cement Ltd for Rs 851 crore.
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