Star Cement Shares Skyrocket 9% on Potential Ambuja Acquisition

Star Cement Shares Skyrocket 9% on Potential Ambuja Acquisition

Star Cement shares surged over 9% after reports suggested that Adani Group's Ambuja Cement may acquire the company.

This move aligns with Adani's expansion in the cement industry after its acquisition of Ambuja and ACC. Star Cement, a key player in India's northeastern market, has a market cap of approximately ₹5,500 crore. If finalized, the deal could strengthen Adani’s hold in the region. The buzz of the potential acquisition has sparked investor interest, driving the stock to its highest in recent months.

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