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Ramco Cements acquires 5cr shares of Lynks Logistics |
The Ramco Cements Ltd. has invested Rs5cr in the capital of Lynks Logistics Limited by way of subscribing to 5cr equity shares of Rs.1/- each, through their Rights Issue.
Consequent to the investment, the total shareholding of Ramco Cements in Lynks Logistics Limited is 40,00,00,000 shares of face value of Rs.1/- each, constituting 46.32% of its paid-up share capital.
Stock View:
The Ramco Cements Ltd is currently trading at Rs880 up by Rs11.7 or 1.35% from its previous closing of Rs868.30 on the BSE.
The scrip opened at Rs866.30 and has touched a high and low of Rs880 and Rs866.30 respectively. So far 1,81,487 (NSE+BSE) shares were traded on the counter.
The current market cap of the company is Rs20,455.13cr.
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