RAMCO Industries Ltd increases stake in Lynks Logistics Limited to 29.26%

RAMCO Industries Ltd has invested Rs.9,50,94,028/- in the Capital of Lynks Logistics Limited by way of subscribing to 9,50,94,028/- equity shares of Re.1/- each, through their Rights Issue.

Consequent to the investment, the total shareholding of our Company in Lynks Logistics Limited is 38,03,78,615 shares of face value of Re.1/- each constituting 29.26% of its paid up share capital.

Lynks Logistics Limited was incorporated on 18.12.2015, for providing technology platform to link supply and demand of goods transportation in a timely location aware way. This is an "Aggregator" or "Service Provider" to link Providers of Transport Service and Availers of Transport Service, through modern technology platforms. The Registered Office is at Chennai.

Shares of RAMCO INDUSTRIES LTD. was last trading in BSE at Rs.273.85 as compared to the previous close of Rs. 278.5. The total number of shares traded during the day was 17993 in over 913 trades.

The stock hit an intraday high of Rs. 286 and intraday low of 270.8. The net turnover during the day was Rs. 4950687.

Source : Equity Bulls

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