Ramco Industries has acquired 4,66,600 shares of M/s. The Ramco Cements (TRCL) for a consideration of Rs 41.95 crore. TRCL is engaged in the business of manufacture of Cement.
Earlier, the company had received an approval for investment by purchase of shares of M/s. Ramco Cements, for a value up to Rs 160 crore in one or more tranches, through Stock Exchanges.
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.
