💨 Abstract

UltraTech, India's top cement maker, plans to buy an 8.69% stake in Star Cement for up to 8.51 billion rupees ($100 million). This comes as the Adani Group was reportedly interested in Star Cement. UltraTech will pay 235 rupees per share, a 2% premium over the stock's closing price.

Courtesy: theprint.in

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