Acquisitions21 Aug 2025, 05:41 pm
Ramco Cements Acquires 28.50% Stake in Ramco Windfarms, Making it a Wholly Owned Subsidiary
AI Summary
The Ramco Cements Ltd has completed the acquisition of 28.50% equity shares of Ramco Windfarms Limited, making it a Wholly Owned Subsidiary. The acquisition was carried out at an arm's length basis as per the valuation report obtained from Saffron Capital Advisors Private Limited, a SEBI Registered Category 1 Merchant Banker. The power generated by the target company is being consumed by the company since October 2023, making the other shareholders self-sufficient for power requirement and hence, there is no more need for them to hold shares in the target company.
Key Highlights
- Ramco Cements acquires 28.50% stake in Ramco Windfarms
- Ramco Windfarms becomes a Wholly Owned Subsidiary of Ramco Cements
- Acquisition carried out at arm's length basis as per valuation report
- Power generated by the target company is being consumed by the company
- Other shareholders identified and started sourcing alternative power through solar