Ramco Systems is planning to raise around Rs 500 crore through issue of equity shares this year. The software firm will utilise this fund to repay all of its outstanding debt and use the remaining for marketing and brand building activities. The company’s debt was at around Rs 280 crore in the quarter ended December 31, 2014.
The company in 2013 had raised around Rs 123 crore that was utilised for branding and marketing operations as well as to retire some of its debt.
Ramco Systems is a leading software company focused on consulting, product and managed services business. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments.