Shree Cement rises on getting nod to incorporate subsidiary in Mauritius
Shree Cement is currently trading at Rs. 23395.00, up by 55.65 points or 0.24% from its previous closing of Rs. 23339.35 on the BSE.
The scrip opened at Rs. 23499.95 and has touched a high and low of Rs. 23500.00 and Rs. 23189.45 respectively. So far 217 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 32508.20 on 22-Jul-2025 and a 52 week low of Rs. 22860.70 on 13-Mar-2026.
Last one week high and low of the scrip stood at Rs. 24140.00 and Rs. 22860.70 respectively. The current market cap of the company is Rs. 84284.63 crore.
The promoters holding in the company stood at 62.55%, while Institutions and Non-Institutions held 24.91% and 12.53% respectively.
Shree Cement has received approval to incorporate a wholly owned subsidiary in Mauritius. The subsidiary shall be incorporated under a name of Shree Cement (Mauritius). The proposed company will be engaged in the business of installation and operation of Cement, Blending, Storage and Packaging facilities of Cement, Trading of Cement, Clinker, Coal and other materials including all related and connected activities.
The business operations committee of the board of directors of the company, at its meeting held on March 16, 2026, has approved the same.
