The Ramco Cements Ltd invests in Lynks Logistics Ltd

The Ramco Cements Ltd has invested Rs.2,48,57,173/- in the capital of Lynks Logistics Limited 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 our Company in Lynks Logistics Limited is 49,95,16,202 shares of face value of Rs.1F each constituting 46.87% of its paid up share capital.

The object of Lynks Logistics Limited 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 Limited can be leveraged for the operation of Lynks Logistics and for mutual benefit.

Shares of The Ramco Cements Limited was last trading in BSE at Rs.818.2 as compared to the previous close of Rs. 778.95. The total number of shares traded during the day was 20720 in over 953 trades.

The stock hit an intraday high of Rs. 818.25 and intraday low of 774. The net turnover during the day was Rs. 16636441.

Source : Equity Bulls

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