UltraTech, a key player in the Aditya Birla Group, has announced plans to acquire an 8.69% stake in Star Cement for approximately ₹851 crore. The announcement sparked an 8% rally in Star Cement’s stock, which climbed to ₹247.75 on the Bombay Stock Exchange (BSE) on Friday.
“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 crore equity shares of Star Cement at a price not exceeding ₹235 per share, excluding STT; stamp duty and other levies,” UltraTech stated in its regulatory filing.
What the Deal Means for UltraTech
UltraTech’s decision to purchase shares in Star Cement aligns with its broader strategy to consolidate its position in the competitive cement industry. This move reflects a calculated step to enhance its footprint in India’s Northeast region, where Star Cement holds a commanding market position.
The acquisition is structured as an all-cash deal and is expected to be finalized within a month, subject to regulatory approvals. UltraTech’s investment reflects the company’s confidence in Star Cement’s operational and market strengths.
Star Cement’s Promoters Open to Stake Sales
Star Cement, headquartered in Meghalaya, has been a dominant force in the Northeast market. Reports suggest that the company’s promoters and promoter group businesses had approached UltraTech, expressing interest in selling portions of their ownership stakes. This strategic partnership is likely to bolster both companies, enhancing market efficiency and competitiveness.
Interestingly, earlier reports suggested that Ambuja Cement, part of the Adani Group, was also exploring a potential acquisition of Star Cement. However, Star Cement dismissed these rumors as speculative, stating unequivocally that no such discussions were underway.
Impact on the Market
The market reacted swiftly to the news of UltraTech’s acquisition plans:
- Star Cement’s shares surged 8%, closing at ₹247.75 on the BSE.
- UltraTech’s decisive move underlines its commitment to expanding in key growth areas like the Northeast.
In a fiercely competitive cement industry, UltraTech’s investment underscores a calculated bid to strengthen its market position and ensure sustained growth.
A Glance at the Deal’s Key Highlights
Here’s a quick overview of UltraTech’s stake acquisition in Star Cement:
| Key Details | Information |
|---|---|
| Stake to be Acquired | 8.69% (3.70 crore shares) |
| Acquisition Cost | ₹851 crore |
| Price per Share | Up to ₹235 (excluding levies) |
| Transaction Type | All-cash |
| Timeline for Completion | Within one month |
This strategic acquisition marks a significant milestone for UltraTech as it continues to cement its leadership in India’s construction and infrastructure sector.
![gain Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March? By Harshika Yadav Published: Saturday, March 28, 2026, 6:55 [IST] preference Add as a preferred source on Google Gold rates in India witnessed a modest recovery on March 27, 2026, after a sharp fall in the previous session, indicating a cautious stabilisation in the bullion market. The yellow metal had dropped by Rs 212 per gram (or Rs 21,200 per 100 grams) of 24 Karat (24K) earlier, but managed to regain some ground. Gold Price Updates as US-Iran Tensions Ease; Pakistan, Turkiye & Egypt Step Up Mediation Efforts The rise in yellow metal follows easing geopolitical concerns after US President Donald Trump signalled a delay in potential military action against Iran's energy infrastructure by 10 days, pushing the deadline to April 6. This development, along with ongoing diplomatic efforts, has helped support safe-haven demand. gold Rate Today Further adding to market sentiment, Pakistan's Foreign Minister Ishaq Dar confirmed that Islamabad is acting as an intermediary between the United States and Iran, relaying messages as part of efforts to de-escalate tensions. Countries like Türkiye and Egypt are also reportedly supporting the mediation process, offering some relief to global financial markets. Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram 24 Karat Gold Rate Today in India In the 24 Karat segment, at the time of writing, the rate for 1 gram stood at Rs 14,471, rising by Rs 16 from Rs 14,455. For 8 grams, the price increased to Rs 1,15,768, up by Rs 128. The rate for 10 grams climbed to Rs 1,44,710, reflecting a gain of Rs 160, while 100 grams of 24 Karat gold were priced at Rs 14,47,100, marking an increase of Rs 1,600. 22 Karat Gold Rate Today in India The price of one gram of 22K stood at Rs 13,265, gaining Rs 15 from the previous session. For 8 grams, the rate rose to Rs 1,06,120, registering an increase of Rs 120. The cost of 10 grams advanced to Rs 1,32,650, up by Rs 150, while 100 grams were priced at Rs 13,26,500, reflecting a gain of Rs 1,500. 18 Karat Gold Rate Today in India The rate for one gram of 18K stood at Rs 10,853, up by Rs 12. For 8 grams, the price moved up to Rs 86,824, marking a gain of Rs 96. The rate for 10 grams climbed to Rs 1,08,530, increasing by Rs 120, while 100 grams were valued at Rs 10,85,300, reflecting an uptick of Rs 1,200. Latest MCX Gold Price In the domestic futures market, gold on the Multi Commodity Exchange (MCX) held firm above the Rs 1,44,500 level as per latest trading record, supported largely by the weakness in the Indian rupee, which continues to cushion local prices despite global volatility. Latest Spot Gold Rate The rebound in domestic gold rates comes alongside a recovery in international markets, where gold moved above the $4,400 per ounce mark. What Lies Ahead for Gold Prices? Check Gold Rate Prediction Jateen Trivedi, VP - Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US-Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks." From a technical perspective, he explained, "Technically, support is seen near Rs 1,42,000, while resistance is placed around Rs 1,46,500. Overall, gold is expected to remain volatile with limited upside unless clarity emerges on inflation and geopolitics."](https://keralanews247.com/wp-content/uploads/2026/03/rupee-and-dollar-scaled-350x250.png)
