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.