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Star Cement Ltd. ( (IN:STARCEMENT) ) has shared an update.
Star Cement Ltd. has announced that its wholly owned subsidiary, Ri Pnar Cement Pvt. Ltd., has signed a share purchase agreement to acquire 100% of Nitesh Minerals Pvt. Ltd., a company in the mines and minerals sector. Upon completion, Nitesh Minerals will become a wholly owned subsidiary of Ri Pnar Cement and a step-down subsidiary of Star Cement.
Nitesh Minerals holds a mining lease and reported turnover of Rs. 157.22 lakh in 2025, and Star Cement said the acquisition is aimed at ensuring uninterrupted limestone supply for its cement operations while gaining logistics benefits. The deal, structured as a cash consideration and not classified as a related-party transaction, is expected to strengthen Star Cement’s raw material integration and operational resilience.
More about Star Cement Ltd.
Star Cement Ltd. is a cement manufacturer operating in India, with its operations supported by wholly owned subsidiary Ri Pnar Cement Pvt. Ltd. The group focuses on securing key raw materials and logistics efficiencies to support its cement business in a competitive building materials market.
Average Trading Volume: 56,879
Technical Sentiment Signal: Buy
Current Market Cap: 88.74B INR
Learn more about STARCEMENT stock on TipRanks’ Stock Analysis page.