Acquisitions7 Aug 2025, 08:23 pm
Ramco Cements Board Approves Acquisition of 28.50% Stake in Ramco Windfarms Limited for Rs.28.50 Lakhs
AI Summary
The Ramco Cements Ltd announced the outcome of its Board Meeting held on 07.08.2025. The Board approved the acquisition of 28.50% of the equity capital of M/s.Ramco Windfarms Limited, a subsidiary company, from existing shareholders at a total consideration of Rs.28.50 lakhs. Post-acquisition, Ramco Windfarms Limited will become a Wholly Owned Subsidiary of the company. The Board also approved and adopted the Unaudited Standalone and Consolidated Statement of Profit and Loss for the quarter ended 30.06.2025.
Key Highlights
- The Ramco Cements Board approved the acquisition of 28.50% stake in Ramco Windfarms Limited.
- The total consideration for the acquisition is Rs.28.50 lakhs.
- Post-acquisition, Ramco Windfarms Limited will become a Wholly Owned Subsidiary of The Ramco Cements Ltd.
- The Board approved and adopted the Unaudited Standalone and Consolidated Statement of Profit and Loss for the quarter ended 30.06.2025.
- The Auditors have expressed an unmodified opinion on the financial results.