Ramco Industries Ltd has entered into an agreement with The Ramco Cements Limited, a Related Party, for sale of our Clinker Grinding Unit situated at Kharagpur, West Bengal.
The revenue contribution of the said unit was Rs. 30.47 crore (4% of total revenue of Ramco Industries Ltd). The buyer will provide cash consideration of Rs. 17 crores as part of the deal.
Shares of RAMCO INDUSTRIES LTD. was last trading in BSE at Rs.250.15 as compared to the previous close of Rs. 253.65. The total number of shares traded during the day was 13905 in over 245 trades.
The stock hit an intraday high of Rs. 255.6 and intraday low of 250. The net turnover during the day was Rs. 3498208.