Ramco Cements advances on hiking stake in Lynks Logistics

24 Oct 2017

Ramco Cements is currently trading at Rs. 709.00, up by 10.45 points or 1.50% from its previous closing of Rs. 698.55 on the BSE.

The scrip opened at Rs. 707.00 and has touched a high and low of Rs. 709.00 and Rs. 704.95 respectively.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 764.85 on 13-Sep-2017 and a 52 week low of Rs. 478.90 on 15-Nov-2016.

Last one week high and low of the scrip stood at Rs. 709.00 and Rs. 683.90 respectively. The current market cap of the company is Rs. 16,702.00 crore.

The promoters holding in the company stood at 42.75%, while Institutions and Non-Institutions held 36.24% and 21.02% respectively.

Ramco Cements has subscribed to the Rights Issue offer of Lynks Logistics and has acquired 4,81,00,000 shares of Rs 1 each on October 23, 2017. Consequent to the acquisition, the total shareholding of the company in Lynks Logistics is 10,00,00,000 shares of Rs 1 each constituting 47.62% of its paid up share capital.

Lynks Logistics was incorporated for providing technology platform to link supply and demand of goods transportation in a timely location aware way. This is an Aggregator or Service Provider to link Providers of Transport Service and Availers of Transport Service, through modern technology platforms.

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.

Related The Ramco Cements Ltd. Links:

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