Shree Cement to Set Up Wholly Owned Subsidiary in Mauritius

The latest update is out from Shree Cement Limited ( (IN:SHREECEM) ).

Shree Cement Limited has approved the incorporation of a wholly owned subsidiary in Mauritius, to be named Shree Cement (Mauritius) Limited, with an initial authorised capital of MUR 5,000,000 fully subscribed in cash. The new entity will handle installation and operation of cement, blending, storage and packaging facilities, as well as trading in cement, clinker, coal and other materials, potentially strengthening Shree Cement’s offshore presence and international trading capabilities.

The Mauritian subsidiary will be entirely controlled by Shree Cement, which will hold 100% of the share capital, and no governmental or regulatory approvals are required for its incorporation. This move signals a strategic step to expand logistical, operational and trading reach beyond India, positioning the company to tap regional markets and optimize its supply chain through an overseas hub.

More about Shree Cement Limited

Shree Cement Limited is a leading Indian cement manufacturer engaged in the production and trading of cement, clinker and related materials, with operations supported from corporate offices in Rajasthan, Haryana and West Bengal. The company operates in the broader building materials sector, focusing on cement, blending, storage and packaging facilities to serve domestic and international markets.

Average Trading Volume: 2,847

Technical Sentiment Signal: Sell

Current Market Cap: 828.3B INR

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