Acquisitions3 Sept 2025, 05:32 pm
Rajapalayam Mills to Acquire Shares of Ramco Industries Worth Rs. 15.80 Crores
AI Summary
Rajapalayam Mills Ltd. has announced the acquisition of shares of Ramco Industries Limited (RIL) from a member of the Promoter Group, Smt. Alagaraja Ramalakshmi, for an aggregate value of Rs. 15.80 Crores. This acquisition is a related party transaction, with the Promoter group having a significant interest in RIL. The acquisition price will be based on the prevailing market price on the date of transaction and will be done at arm’s length. The existing investment of Rajapalayam Mills in RIL has appreciated from Rs. 89.94 Crores to Rs. 363.47 Crores as per the current market value. The acquisition is expected to be completed within six months from the date of Board’s approval.
Key Highlights
- Rajapalayam Mills to acquire shares of Ramco Industries Limited (RIL) from a member of the Promoter Group.
- The acquisition is a related party transaction with the Promoter group having a significant interest in RIL.
- The acquisition price will be based on the prevailing market price on the date of transaction and will be done at arm’s length.
- The existing investment of Rajapalayam Mills in RIL has appreciated significantly.
- The acquisition is expected to be completed within six months from the date of Board’s approval.