Ramco Cements acquires 5cr shares of Lynks Logistics

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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