Star Cement Ltd - Intimation Regarding Sale Of Shares Held In Star Cement (I) Limited & Star Cement North East Limited, Wholly Owned Subsidiary Companies
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| 03 Feb 2023 | |
| Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform you that the Board of Directors of the Company in its meeting held today i.e., 03rd February, 2023 have unanimously accorded its approval to sell and transfer 20,000 Equity Shares of Rs.10/- each (i.e., 40% of shares held) in Star Cement (I) Limited & Star Cement North East Limited, both Wholly Owned Subsidiary Companies to Star Cement Meghalaya Limited, a Material Subsidiary Company of Star Cement Limited at cost price. Star Cement (I) Limited & Star Cement North East Limited have not commenced its operations yet. After aforesaid transfer of shares both Star Cement (I) Limited & Star Cement North East Limited shall remain the Wholly Owned Subsidiary Companies of the Company. The transfer of shares will be completed within 31st March, 2023. | |
| View all announcements for Star Cement Ltd | Source: BSE India |
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