Due to slow down and low valuation, Meghalaya-based Star Cement, a subsidiary of Kolkata-based Century Plywoods has put on hold its decision to sell 10-15 per cent stake. "Morgan Stanley advised us against going ahead with the sale. In fact the potential buyers including players like Lafarge are in trouble and might not be able to go ahead with the deal," said Sajjan Bhajanka, Managing Director, Century Plyboards. He added "the past few days the market has lost over 20 per cent in value. We do not think we will get an acceptable price at the moment". Star Cement is a popular brand of Cement Manufacturing Company Ltd (CMCL). CMCL is a 70.48 per cent subsidiary of Century Plyboards. It is also a dominant cement player in the Northeast, and has capacity of 1.2 million tonnes (mt) out of its plant in Meghalaya.