Ramco Cements ltd. announced on Wednesday that it has acquired additional stake worth Rs 2.48 crore of Lynks Logistics.
The Chennai based company stated in its BSE regulatory filing. “The Company has invested Rs.2,48,40,712/- in the capital of Lynks Logistics Limited by way of subscribing to 2,48,40,712 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 47,46,59,029 shares of face value of Rs.1/- each constituting 46.74% of its paid up share capital. The disclosure required under Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed.”
