Star Cement Limited has informed that the Company has incorporated Star Cement Lumshnong Limited in Meghalaya as a Wholly Owned Subsidiary Company.
The Company has been incorporated to carry out cement and cement related business in line with business of holding company.
Cost of acquisition is for Initial subscription of Rs. 5,00,000/- divided into 50,000 Equity Shares of Rs.10/- each.
Star Cement Lumshnong Limited has been incorporated as wholly owned subsidiary company and having Registered Office at Lumshnong, Meghalaya. The company is yet to start operations.
On Friday trade, Star Cement Ltd ended at Rs108.30 per piece up by Rs1.55 or 1.45% from its previous closing of Rs106.75 per piece on the BSE.