Acquisitions18 Apr 2026, 01:00 pm
Star Cement subsidiary acquires Nitesh Minerals for ₹17.19 Cr
AI Summary
Ri Pnar Cement Private Limited (RPCPL), a wholly-owned subsidiary of Star Cement Limited, has entered into a Share Purchase Agreement to acquire 100% of the equity shares of Nitesh Minerals Private Limited (NMPL) for a cash consideration of ₹17.19 Crores. Upon completion, NMPL, which operates in the Mines & Minerals industry and holds a mining lease, will become a wholly-owned subsidiary of RPCPL and a step-down subsidiary of Star Cement Limited. The acquisition aims to ensure an uninterrupted supply of limestone for Star Cement's cement business and to leverage logistic benefits. NMPL reported a turnover of ₹157.22 Lakhs in 2025.
Key Highlights
- Star Cement's wholly-owned subsidiary RPCPL acquires 100% stake in Nitesh Minerals.
- The acquisition is for a cash consideration of ₹17.19 Crores.
- Nitesh Minerals, a mining company, will secure limestone supply for cement business.
- NMPL will become a step-down subsidiary of Star Cement Limited.
- Nitesh Minerals reported a turnover of ₹1.57 Crores in 2025.