Incorporate subsidiaries of cement in Assam and Meghalaya.

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Star Cement Has informed that the company has incorporated Star Cement North East Limited in Assam as a wholly-owned subsidiary company.

The Company has been incorporated to carry out cement and cement-related business in line with the business of the holding company.

Star Cement North East Limited has been incorporated as a wholly-owned subsidiary company and having Registered Office at Guwahati, Assam. The company is yet to start operations.

The cost of acquisition is an initial subscription of Rs5,00,000/- divided into 50,000 Equity Shares of Rs10/- each.

 The Ministry of Corporate Affairs (MCA)  has approved both incorporations.

Star Cement ended Wednesday trade at Rs111.80 a price higher by Rs0.85 or 0.77% on  Sensex.