Ramco Industries has recently acquired 173,000 shares of Ramco Cements for INR 16.02 crore, increasing its stake to 0.07%. This acquisition is part of a broader investment strategy, with a total acquisition plan valued at INR 160 crore.
For the financial year 2023-24, Ramco Cements reported a turnover of INR 9392.17 crore, reflecting its significant position in the Indian cement industry. This acquisition aligns with Ramco Industries’ goal to expand its portfolio and strengthen its position in the market.