Ramco Cements has bought back 25 lakh shares at an average price of Rs 670.80 apiece amounting to Rs 167.70 crore. Post buyback, the paid up share capital would stand reduced from Rs 23,80,76,780 to Rs 23,55,76,780 and number of equity shares would stand reduced from 23,80,76,780 to 23,55,76,780 of Re 1 each.
Ramco Cements is the flagship company of the Ramco Group, a well-known business group of South India. The main product of the company is Portland cement, manufactured in eight state-of-the art production facilities that includes Integrated Cement plants and Grinding units.
