Investment3 Sept 2025, 05:30 pm
Rajapalayam Mills to Invest Additional Rs. 15.80 Crores in Associate Company Ramco Industries
AI Summary
Rajapalayam Mills Ltd. has decided to make an additional investment in its associate company, Ramco Industries Limited (RIL), by purchasing shares from a member of the Promoter Group. The total value of the shares is up to Rs. 15.80 Crores. The acquisition would fall under Related Party Transaction as the shares are being acquired from Smt. Alagaraja Ramalakshmi, a member of the Promoter Group. The acquisition is expected to be completed within six months from the date of the Board's approval.
Key Highlights
- Rajapalayam Mills to invest additional Rs. 15.80 Crores in Ramco Industries
- Investment to be made in single or multiple tranches at prevailing market price
- Acquisition falls under Related Party Transaction
- Promoter Group to hold 54.81% of RIL's paid-up capital post-acquisition
- Acquisition expected to be completed within six months from the date of Board's approval