Ramco Industries gains on increasing stake in Lynks Logistics to 23.78%
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Ramco Industries is currently trading at Rs. 257.30, up by 1.30 points or 0.51% from its previous closing of Rs. 256.00 on the BSE.
The scrip opened at Rs. 258.90 and has touched a high and low of Rs. 259.20 and Rs. 256.50 respectively. So far 3294 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 274.40 on 09-Mar-2021 and a 52 week low of Rs. 104.00 on 19-May-2020.
Last one week high and low of the scrip stood at Rs. 264.90 and Rs. 237.00 respectively. The current market cap of the company is Rs. 2229.84 crore.
The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 6.14% and 39.83% respectively.
Ramco Industries has invested Rs 5,98,27,333 in the Capital of Lynks Logistics by way of subscribing to 5,98,27,333 equity shares of Re 1 each, through their Rights Issue. Consequent to the investment, the total shareholding of Company in Lynks Logistics is 28,52,84,587 shares of face value of Re 1 each constituting 23.78% of its paid up share capital.
Ramco Industries is engaged in the manufacturing of fibre cement sheets, fibre cement pressure pipes, calcium silicate boards, cement and plastic storage containers.
