Platinum Investment offloads 1.124 million shares in Madras Cements

11 Apr 2012

Platinum Investment Management has offloaded 1.124 million shares or 0.47% stake in Madras Cements in open market for a bit over Rs 17.24 crore.

Earlier, Platinum Investment had 8.585 million shares or 3.61% stake in the company. Following this, its holding in the company has come down to 3.14% stake.

As on December-end, Platinum Investment had 5.75% stake in the company, while promoters were holding 42.01% stake.

Madras Cements manufactures Portland cement through its four production facilities. It is the second largest producers in South India and the sixth largest in India. It has a total capacity of 8 million tonnes per annum. It also manufactures Ready Mix Concrete and Dry Mortar products. It operates one of the largest wind farms in the country with a capacity of 136 MW.

Related The Ramco Cements Ltd. Links:

The Ramco Cements Share Price

970.00 -14.00 (-1.42%) Feb 26, 18:55
1 Year Price Chart
Peers
Company Name CMP
Ultratech Cement 6114.60
ACC 1732.95
Shree Cement 26506.65
Ambuja Cement 273.65
Dalmia Bharat 1434.75
View more..
Sensex vs The Ramco Cements
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback