Ramco Cements inches up on investing in Lynks Logistics

31 Dec 2020 Evaluate

The Ramco Cements is currently trading at Rs. 818.95, up by 4.75 points or 0.58% from its previous closing of Rs. 814.20 on the BSE.

The scrip opened at Rs. 811.00 and has touched a high and low of Rs. 820.30 and Rs. 811.00 respectively. So far shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 902.70 on 08-Dec-2020 and a 52 week low of Rs. 456.50 on 08-Apr-2020.

Last one week high and low of the scrip stood at Rs. 820.30 and Rs. 770.25 respectively. The current market cap of the company is Rs. 19204.07 crore.

The promoters holding in the company stood at 42.62%, while Institutions and Non-Institutions held 34.58% and 22.79% respectively.

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.

The Ramco Cements Share Price

816.15 0.95 (0.12%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Ultratech Cement 9740.00
ACC 2494.75
Shree Cement 25800.00
Ambuja Cement 612.30
Dalmia Bharat 1940.05
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