‘Speculative’: Star Cement clarifies on ‘Adani Group acquisition’ report; stock up 6%
Star Cement Ltd on Wednesday issued its clarification over a news report titled “Adani Group evaluates acquiring Star Cement for expansion in NE (North East).” The cement firm, in response to an exchange query, termed the report as ‘speculative’, adding that is not engaged in any discussions in this regard.
“With reference to the news item, we hereby clarify that the above mentioned news item is speculative and the Company is not engaged in any discussions in this regard. We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,” it stated.
Earlier in the day, bourses BSE and NSE sought clarification from the company…
