Ramco Cements has invested Rs 2,48,57,173 in the capital of Lynks Logistics by way of subscribing to 2,48,57,173 equity shares of Rs 1 each, through their Rights Issue. Consequent to the investment, the total shareholding of company in Lynks Logistics is 49,95,16,202 shares of face value of Rs 1 each constituting 46.87% of its paid up share capital.
The object of Lynks Logistics is to enter into the business of aggregators in logistics field. The object of the venture is to develop a web based platform, which would provide a link between the transporters and the persons availing such transport service. The experience in logistics of the Ramco Cements can be leveraged for the operation of Lynks Logistics and for mutual benefit.
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.
Company Name | CMP |
---|---|
Ultratech Cement | 9672.00 |
ACC | 2564.00 |
Shree Cement | 24302.50 |
Ambuja Cement | 646.80 |
Dalmia Bharat | 1965.00 |
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