Ramco Industries has received an approval for investment by purchase of shares of Ramco Cements, for a value up to Rs 160 crore in one or more tranches, through Stock Exchanges. The Board of Directors of the Company at their meeting held on November 11, 2024 has considered and approved the same.
The board also approved raising of credit facilities from Banks/ Mutual Funds/ NBFCs by way of Secured, Rated, Redeemable, Non-Convertible Debentures/ term loan or any other borrowing mode as required/ stipulated by Banks/ Mutual Funds / NBFCs up to an amount not exceeding Rs 160 crore in one or more tranches, for corporate requirements and for funding the above investment.
Ramco Industries is one of the leading building materials manufacturers in South Asia and has been at the forefront of innovation answering perplexing challenges with definitive solutions.
