Star Cement's Subsidiary Acquires Stake in Jaitaran Renewable Power for Energy Diversification
Star Cement Limited has announced a strategic move into the renewable energy sector through its subsidiary, Star Cement North East Limited (SCNEL). SCNEL has successfully acquired 100% shareholding of Jaitaran Renewable Power Private Limited (JRPPL) from its existing shareholders.With this acquisition, JRPPL has become the wholly owned subsidiary of SCNEL, positioning it as a step down subsidiary of Star Cement Limited. The company states that the acquisition aims to diversify the group's business operations and strengthen its initiatives within the renewable energy vertical.
The transaction was completed with the transfer of shares on April 23, 2026. The acquisition, which is not categorized as a related party transaction, involved a cash consideration against the shares. The cost of the acquisition was recorded at Rs. 20,000 (Rupees Twenty Thousand only).
The details of the target entity and the acquisition structure are summarized below:
| Detail | Description | Value |
|---|---|---|
| Target Entity | Jaitaran Renewable Power Private Limited (JRPPL) | Energy & Power Industry |
| Acquisition Stake | 100% | Full ownership |
| Transaction Type | Cash Consideration against shares | N/A |
| Cost of Acquisition | N/A | Rs. 20,000 |
| Shares Transferred | N/A | 23rd April, 2026 |
JRPPL is a Private Company incorporated on March 11, 2026, under the Companies Act, 2013. The company's registered office is located at Signature Tower, 3rd Floor, Unit 311 Lal Kothi Tonk Rd, Gandhi Nagar, Jaipur - 302015, Rajasthan.
Key financial details regarding JRPPL, as of the acquisition, include:
- Authorized Share Capital: Rs. 10.00 Lakhs (1,00,000 shares of Rs.10/- each)
- Paid up Share Capital: Rs. 0.20 Lakhs
- Turnover (2025): Nil Lakhs
STARCEMENT Stock Price Movement
Today, Star Cement Limited shares edged higher, settling at ₹235.12 after gaining 1.86% in after-hours trading. The stock executed on strong momentum, recording a total traded volume of 674,344 shares throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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