ICICI Securities Ltd | Retail Equity Research Star Ferro & Cement (SFCL) have announced the reverse merger of Star Ferro & Cement with Star Cement (SCL) on August 1, 2016. Under this scheme, Star Ferro & Cement shareholders have received 1.33 shares of Star Cement for every share held. Consequently, Star Ferro & Cement now stands dissolved and Star Cement is the new entity. The merger will help the promoter gain listing benefits as previously the promoter shares were privately held. Hence, this represents the true holding of promoters...