UltraTech Cement: UltraTech Cement will buy minority stake in Star Cement.

UltraTech Cement : UltraTech Cement on Friday said it is buying 8.69% stake in Meghalaya-based Star Cement from the promoter group for Rs 851 crore, a strategic deal that will help India's largest cement producer gain a foothold in the northeast market.

Read :- Adani Group Acquisition: Adani Group will acquire Orient Cement, this will be the third acquisition of this year.

With this, competition with Adani Group unit Ambuja Cements for cement assets intensified. The development comes three days after the Aditya Birla Group firm completed the acquisition of a controlling stake in India Cements Ltd, making the south-based company its subsidiary.

UltraTech Cement is expanding its capacity through acquisitions and capacity addition as it faces competition from billionaire Gautam Adani-led Adani Group's Ambuja Cements, the second-largest player and also expanding its capacity. Is.

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